Saudi Real Estate Co. announced the Board of Directors acceptance to the resignation of Mr. Ibrahim bin Mohamed Alalwan from his position as Managing Director on May 27, 2024 and the effective date will be on July 31, 2024. The reason of his resignation is due to his personal reasons, while remaining a member of the Board of Directors.

The Board of Directors expressed its thanks and appreciation to Mr. Ibrahim bin Mohamed Alalwan for his distinguished role and efforts during his period of work at the company, wishing him continued success in his personal and professional life.