Tourism Enterprise Company (Shams) announced on July 19, 2026, the appointment of key board leadership and formation of committees following the election of its Board of Directors by the Ordinary General Assembly held on July 16, 2026. The new board session commenced on July 17, 2026, and will run for four calendar years through July 16, 2030. Mr. Nasser bin Khalaf Al-Barrak was appointed Chairman, while Mr. Majid bin Nawar Al Otaibi was appointed Vice Chairman and Managing Director. The board also formed the Nominations and Remuneration Committee, chaired by Mr. Khalid bin Muhammad Al-Qazlan, and the Development and Investment Committee, chaired by Mr. Majid bin Nawar Al Otaibi, with the Audit Committee to be announced separately in accordance with listed company disclosure requirements.

Original announcement:

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.