Dar Al Majid Real Estate "Majidiya" It entrusts the Managing Director with the duties of CEO and recommends transferring its statutory reserve for retained earnings

Dar Al Majid Real Estate Company announced "Majidiya" In her statement on "Trade" Announced the termination of the contractual relationship by mutual consent with its CEO, Engineer Sulaiman bin Ali Al-A’id, as of November 6, 2025, and the assignment of the Managing Director, Mr. Abdul Salam Al-Majed, to the duties of CEO within the framework of the company’s strategy to enhance the efficiency of its business system and continue the process of growth and expansion in the Saudi real estate market.
In a related context, it announced "Majidiya" In a separate statement about the recommendation of its Board of Directors to the Extraordinary General Assembly to approve the transfer of the company’s statutory reserve balance to the retained earnings account.

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