Vallianz Holdings Limited announced Sheikh AlTurki Abdulaziz Ali A is stepping down as Non-Executive Director and Chairman of the Company with effect from 8 December 2021, to spend more time on such charitable initiatives. In his place, Mr. Osman Aly Ibrahim Hassanein, the Group President and CEO of RHCL, will be appointed as the Non-Executive Director and Chairman of the Company. Mr. Osman Ibrahim joined RHCL in 1989 and has been the Group President and CEO for RHCL since 2009. He plays a vital role in leading RHCL's strategic development and expansion of its operations. Upon his appointment as Non-Executive Director and Chairman of the Company, Mr. Osman Ibrahim will continue to work closely with and lead the Group in its strategic directions.