AI Summary
| Element List | Explanation |
|---|---|
| Introduction | Thobe Al Aseel Co. announces the Board of Directors’ resolution dated 30 December 2025, corresponding to 10 Rajab 1447H, to accept the resignation of the Board Member and Audit Committee Member Dr. Raed bin Abdullah Al-Huqail (Independent Member), which he submitted for personal reasons on 30 December 2025, corresponding to 10 Rajab 1447H, with the resignation to take effect as of 31 December 2025.
The Board of Directors expressed its thanks and appreciation to Dr. Raed bin Abdullah Al-Huqail (Independent Member), commending the valuable contributions and efforts he made during his tenure as a member of the Board of Directors and the Audit Committee.
The Board of Directors also resolved, by a resolution dated 30 December 2025, corresponding to 10 Rajab 1447H, to appoint Mr. Ajlan Abdulrahman Al-Ajlan as a Board Member (Independent Member) and a member of the Audit Committee, to complete the remaining term of the current cycle, which ends on 03 September 2027 |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Dr. Raed Abdullah Al-Huqail |
| Membership Type | Independent |
| Resignation Submission Date | 2025-12-30 Corresponding to 1447-07-10 |
| Resignation Effective Date | 2025-12-31 Corresponding to 1447-07-11 |
| Membership Starting Date for the Resigned Member | 2024-09-04 Corresponding to 1446-03-01 |
| Reasons of Resignation | Personal reasons |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Ajlan Abdulrahman Al-Ajlan |
| Membership Type | Independent |
| Membership Start Date | 2026-01-01 Corresponding to 1447-07-12 |
| Brief Resume of the Appointed Member | Mr. Ajlan Abdulrahman Al-Ajlan holds a Bachelor’s degree in Industrial Management from Central Washington University. He currently serves as Director of Al Zamil Industrial Investment Company (Central Region) and is a current member of the Board of Directors of Gulf Insulation Group. He has previously held a number of board memberships, including at Fawaz Abdulaziz Alhokair & Co. and the Saudi Automotive Services and Equipment Company (SASCO), and he previously served as a member of the Board of Directors of Thobe Al Aseel Company during the previous term. |
| The date of the approval by other official authorities | Not applicable |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2024-09-04 Corresponding to 1446-03-01 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
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