Correction announcement from First Avenue for Real Estate Development in regards to the Company's Announcement of Its Board of Directors' Decision to Appoint the Chairman, Vice Chairman, Managing Director, Formation of Board Committees, and Appointment of Company Representatives.
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2025-02-18 Corresponding to 1446-08-19 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | 1) Omission of the biography of Dr. Walid bin Omar Bahamdan, Chairman of the Audit and Risk Committee. |
| Correct Statement | Dr. Walid is an executive with over 10 years of experience in leading private institutions across education, real estate, and industry. He currently serves as the Chief Operating Officer of Sara Holding, overseeing HR, IT, and governance, successfully implementing growth plans and digital transformation. He has expertise in investment, strategy development, and corporate management, and has participated in several investment transactions. Academically, he has taught at King Fahd University of Petroleum and Minerals and holds a Bachelor’s, Master’s, and Ph.D. in Management Sciences and Information Systems.
2) Membership status of Mr. Khalid bin Hassan Al-Qahtani as a Non-Independent Board Member. |
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