Fad International Chairman Resigns Following Regulatory Ban

FAD

9589.SA

0.00

On May 31, 2026, Fad International Co. announced the resignation of its Chairman, Mr. Mohammed Abdulrahman Momenah (Independent Member), effective May 21, 2026, due to an Appeals Committee for Securities Disputes decision prohibiting him from working for entities under Capital Market Authority supervision for one year. The Board of Directors approved his resignation during their May 24, 2026 meeting and simultaneously appointed Mr. Ayman Tariq Jamal as the new Chairman and Mr. Nafiz Riyad Al-Morhabi as Vice Chairman, both effective May 24, 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95691&anCat=1&cs=9589&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

More This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.