Jabal Omar announces resignation of Dr. Abdulraouf, appoints Saleh Alzumai as BOD member

Jabal Omar Development Company announced on Sunday that the Board approved the resignation of Dr. Abdulraouf M. Mannaa, and the appointment of Mr. Saleh Abdullah Alzumai as a member of the Board of Directors.
The reasons of resignation are to fulfil the conditions of the transaction agreement which was executed with the fund manager of Alinma Makkah Real Estate Fund, on behalf of the Fund, in relation to the Board and governance arrangements.
On this occasion, the board extends its sincere thanks to DR. Abdulraouf Mannaa for his efforts during his term of membership in the board and for taking the initiative to resign to serve the best interest of the company and its shareholders. The Board also welcomes Mr. Saleh Alzumai as a member of the Board of Directors, wishing him success.
The Board approval may not be deemed final, this appointment shall be put before the First General Assembly Meeting for approval.