Ash-Sharqiyah Development Co. announced that the Vice Chairman of the Board of Directors Mr. Adel Ahmed Alghamdi (independent) has submitted his resignation to the Board of Directors with an immediate effect on March 4, 2018 from his position as Vice Chairman of the Board of Directors and Chairman of the Audit Committee and member of the Executive Committee for personal reasons. The Board of Directors in their meeting approved the resignation of Mr. Alghamdi. Moreover the Board of Directors on March 4, 2018 accepted the appointment of Mr. Abdullah Oudah AlEnizi as Board Member (Independent) with effect on March 4, 2018. This appointment will be presented to the coming general assembly meeting for approval.