Sigma Capital

03-03-2025

Al-Fakherah Men's Tailoring Company announces the approval of the Board of Directors to dismiss the CEO and appoint a new CEO for the company

Source: MIST

Tadawul-


Element List Explanation
Introduction Al Fakhira Men's Tailoring Company announces the Board of Directors' decision issued by circulation on 02/09/1446 corresponding to 02/03/2025 to accept the resignation of Mr. Abdulaziz Suleiman Al Yahya from the position of CEO, effective from the end of the work day on 04/03/2025 , provided that the Managing Director of the Company's Board of Directors continues,
This decision comes within the framework of the Board of Directors' vision to enhance governance and support the company's strategic directions, as he was assigned supervisory and leadership tasks that include following up on the implementation of the company's strategy and working to achieve its future goals in coordination with the new executive management.

The Board also decided to appoint Mr. Abdul Rahman Saed Al Maleh as CEO effective from 05/09/1446 corresponding to 05/03/2025 , due to his distinguished leadership experience and his prominent role in achieving many achievements

Element List Explanation
Name of the Resigned Person Mr. Abdul Aziz Suleiman Al-Yahya
Resignation Acceptance Date 2025-03-02 Corresponding to 1446-09-02
Resignation Effective Date 2025-03-04 Corresponding to 1446-09-04
Reasons for Resignation Focus on the work of the Board of Directors and committees, and Follow up on the implementation of the company's strategy with the new executive management.
Element List Explanation
Appointment Type Appointment
Name of the Appointed Person Mr. Abdulrahman Saed Al Maleh
Date of Board Resolution 2025-03-02 Corresponding to 1446-09-02
Date Work Commencement 2025-03-05 Corresponding to 1446-09-05
Brief Resume Holds a bachelor's degree in business administration, and has more than 24 years of experience in the private sector and listed companies, during which he held several leadership positions.