SICO Appoints Fahad Al-Shammari and Ali Hamidaddin in the BOD

SICO Capital Company announced on Wednesday a change in the membership of the Board of Directors of SICO Saudi REIT Fund due to the appointment of the Board of Directors of the Fund Mr.Fahad Ayed Al-Shammari (independent member) and Mr. Ali AlHussin Hamidaddin (independent member) of the date 15.03.2022.

Members of the Fund Board after the Change:

1. Sultan Bin Nugaly (Charmin-non independent)

2. Khalid Alangary (independent)

3. Fahad Ayed Al-Shammari (independent)

4. Ali AlHussin Hamidaddin (independent)

5. Ahmed Bishri (non- independent)

6. Ahmed Ba Sodan (non- independent)

The company indicated that Mr. Fahad Al-Shammari holds is the CFO of the Saudi Real Estate Company (Al-Aqaria) and has more than 20 years of financial experience, project management and financing. He previously held leadership positions, including the CFO of the Saudi Company for Pharmaceutical Industries and Medical Appliances and the CFO of the National Housing Company owned by the Ministry of Housing and holds a Chartered Financial Analyst (CFA) and INSEAD Certificate in Corporate Governance.

It also indicated that Mr. Ali Hamidaddin is the Advisor to His Excellency the CEO of the Royal Commission for Riyadh City. He has over 20 years’ experience working for the private and public sectors domestically and internationally. Previously he was the Vice Secretary General of the Economic Cities Authority in addition to a wealth of experience in real estate development. Mr. Hamidaddin holds a Master of Science in Finance degree from the American University in Washington D.C. and a Master of Science in Engineering Management from the George Washington University.