Riyadh – Mubasher: Ash-Sharqiyah Development Company has appointed Yasser Muhammad Nasser Al Jarallah as the Chairman of the board for the next three years, according to a bourse statement.
The listed firm also named Ali Yahya Al Jaafri as the Vice Chairman for the same term.
The two officials assumed their positions as of 20 July 2023 and will remain on the board until 19 July 2026.
The two appointments were announced based on the resolutions of the ordinary general meeting (OGM) that was held on 17 July this year.
It is worth noting that Ash-Sharqiyah Development increased its capital to SAR 300 million in November 2022 after the Capital Market Authority (CMA) granted its approval.