Page 39 - KAEC PR REPORT - APRIL 2024

Emaar the Economic City Announces the

Appointment of a new Chief Executive

Officer for the Company

03 April 2024 09:23 AM
EMAAR EC4220-0.41%7.29-0.03

Element Explanation
List

Emaar the Economic City announces the issuance of the Board of
Directors’ resolution on 28 March 2024 AD corresponding to 18 Ramadan
1445 AH -based on the Remuneration and Nomination Committee’s (RNC)
recommendation- approving the appointment of Mr. Abdulaziz Ibrahim
Alnowaiser as the Company’s CEO effective from 01 May 2024 AD
corresponding to 22 Shawwal 1445 AH, as he accepted the employment
offer on 02 April 2024 AD corresponding to 23 Ramadan 1445 AH.

Moreover, in reference to the Company’s announcement dated 27
Introduction February 2024 AD corresponding to 17 Shaaban 1445 AH regarding the
Board of Directors’ approval of the CEO Eng. Cyril Piaia’s request not to
renew his contract, the Board of Directors also agreed to appoint Eng.
Cyril as Advisor to the CEO to facilitate the handover process effective
from 01 May 2024 AD corresponding to 22 Shawwal 1445 AH until the end
of his notice period, based on his current contract, on 31 August 2024 AD
corresponding to 27 Safar 1446 AH.

The Company expresses its gratitude to Eng. Cyril Piaia for his dedication
during his tenure and extends best wishes for success to the new CEO Mr.
Abdulaziz Alnowaiser.

Element List Explanation
Appointment Type Appointment
Name of the Mr. Abdulaziz Ibrahim Alnowaiser
Appointed Person
Date of Board 2024-03-28 Corresponding to 1445-09-18
Resolution
Date Work 2024-05-01 Corresponding to 1445-10-22
Commencement
Mr. Alnowaiser has more than two decades of work experience,
Brief Resume
which included Board-level positions, in addition to his executive

https://english.mubasher.info/news/4271224/Emaar-the-Economic-City-Announces-the-
Appointment-of-a-new-Chief-Executive-Officer-for-the-Company/