Logo ofRiyadh Development Co. (ARDCO)
Riyadh Development Co.’s (ARDCO) board of directors reappointed, on July 2, Prince Faisal bin Ayyaf as Chairman and named Ibrahim Al-Mojel as Vice Chairman, according to a Tadawul filing. 
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The board also appointed the board secretary effective from July 2, 2025.
During the meeting, board members formed the nominations and remuneration committee including Abdulrahman Al-Qahtani as Chairman, Osama Al-Owaidi and Fahd Al-Zahrani.
They also named members of the executive committee consisting from Majed Al-Subaie as Chairman, Ibrahim Al-Mojel and Naif Al-Hadithi.
Meanwhile, the board appointed the company’s representatives before the Capital Market Authority (CMA), the Saudi Exchange (Tadawul), and the Securities Depository Center (Edaa) for all purposes related to the implementation of the Capital Market Law and its Implementing Regulations.
In a separate statement, the company said that the board formed the audit committee for its new term, which will start its work as of July 2, 2025 for a period of four years.
The audit committee includes Suleiman Al-Hattlan as Chairman, Yazid Al-Jard, Ahmed Al-Kanhal and Saleh Al-Khalaf.
Logo ofRiyadh Development Co. (ARDCO)
Riyadh Development Co.’s (ARDCO) board of directors reappointed, on July 2, Prince Faisal bin Ayyaf as Chairman and named Ibrahim Al-Mojel as Vice Chairman, according to a Tadawul filing.
For more news on listed companies
The board also appointed the board secretary effective from July 2, 2025.
During the meeting, board members formed the nominations and remuneration committee including Abdulrahman Al-Qahtani as Chairman, Osama Al-Owaidi and Fahd Al-Zahrani.
They also named members of the executive committee consisting from Majed Al-Subaie as Chairman, Ibrahim Al-Mojel and Naif Al-Hadithi.
Meanwhile, the board appointed the company’s representatives before the Capital Market Authority (CMA), the Saudi Exchange (Tadawul), and the Securities Depository Center (Edaa) for all purposes related to the implementation of the Capital Market Law and its Implementing Regulations.
In a separate statement, the company said that the board formed the audit committee for its new term, which will start its work as of July 2, 2025 for a period of four years.
The audit committee includes Suleiman Al-Hattlan as Chairman, Yazid Al-Jard, Ahmed Al-Kanhal and Saleh Al-Khalaf.
