MEFIC Capital News
| Element list | Explanation |
|---|---|
| Introduction | MEFIC Capital announces a change in the membership of the Board of Directors of the MEFIC Saudi Riyal Murabaha Fund due to the resignation of Mr. Badr bin Ibrahim bin Ibrahim Al-Suwailm from the Fund’s Board of Directors, as a result of his appointment to a government position following the issuance of a Royal Decree appointing him as Deputy Minister of Human Resources and Social Development for Social Development at the Excellent Rank. The Board of Directors extends its sincere thanks and appreciation to Mr. Badr bin Ibrahim bin Ibrahim Al-Suwailm for his valuable efforts and effective contributions during his tenure as a member of the Board of Directors of the MEFIC Saudi Riyal Murabaha Fund, wishing him continued success and prosperity in his future career. |
| Reason of Change | Resignation |
| Member Name | Badr bin Ibrahim bin Ibrahim Al-Suwailm |
| Membership Classification | Independent Member |
| Effective Date | 14/02/2026 |
| Members of the Fund Board after the Change | 1- Mr. Abdulrahman bin Mohammed Al-Ghariri ( Non-Independent Member and Chairman of the Fund’s Board of Directors) 2- Mr. Abdulrahman bin Sulaiman Al-Amir ( Independent Member) |
| Additional information | – |
