| Item | Explanation |
|---|---|
| Announcement details | Banan Real Estate Company announces that the Board of Directors elected by the Ordinary General Assembly held on 19-05-1447H corresponding to 10-11-2025 for the new term starting on 26-12-2025 for a period of three years ending on 25-12-2028, has decided in its meeting held on 08-07-1447H corresponding to 28-12-2025 the following:First: Appointment of the Chairman of the Board and his Deputy as follows:1. Mr. Abdulmohsen Abdulaziz Saleh Al-Haqbani as Chairman of the Board.2. Mr. Ahmed Abdulrahman Abdulaziz Al-Haqbani as Vice Chairman of the Board.Second: Renewal of the appointment of the Chief Executive Officer, Mr. Majed Abdullah Al-Nasser, and continuation of granting him full CEO authorities.Third: The Board approved the formation of the Board committees as follows:Formation of the Nominations and Remunerations Committee from the following members:1. Mr. Abdulaziz Mohammed Al-Qabbani, Chairman of the Nominations and Remunerations Committee – Board Member (Independent).2. Mr. Fahd bin Ya’n Allah Al-Ghamdi, Member of the Nominations and Remunerations Committee – External (not from the Board).3. Mr. Khalid Abdullah Al-Balawi, Member of the Nominations and Remunerations Committee – External (not from the Board).Fourth: The appointment of the Board Secretary and the Company’s representatives to the Capital Market Authority, Saudi Tadawul Group, and the Securities Depository Center Company for all purposes related to the implementation of the Capital Market Law and its implementing regulations. |
