Saudi Real Estate Co. announced the Board of Directors acceptance to the resignation of the CEO Mr. Ibrahim bin Mohamed Alalwan from his position as CEO 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 company will also announce any developments in the event of a new CEO being appointed or assigned to the company at the time. Resignation Effective Date is July 31, 2024.