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Saudi Cable Company Announces Resignation of a Board Member and Appointment of a Board Member
| Element List | Explanation |
|---|---|
| Introduction | Saudi Cable Company announces the resignation a member of the Board of Directors, Eng. Abdulaziz Saleh Abalkhail (Independent member) from his position, effective from 28/09/1445 corresponding to 07/04/2024, due to a change in work conditions, he joined another company (the regulations of the company he joined forbade participation in the boards or committees of listed companies), and therefore he will not be able to continue as a member of Saudi cable company’s Board of Directors. The Board of Directors also decided to appoint Eng. Abdullah Odeh Alghabin (independent member) in the vacancy of the Board of Directors as 04/10/1445 corresponding to 13/04/2024, to complete the current term of the Board, which ends on 03/04/2027. The Board of Directors extend their thanks and appreciation to Eng. Abdulaziz Saleh Abalkhail and wish him continued success. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Eng. Abdulaziz Saleh Abalkhail |
| Membership Type | Independent |
| Resignation Submission Date | 2024-04-07 Corresponding to 1445-09-28 |
| Resignation Effective Date | 2024-04-07 Corresponding to 1445-09-28 |
| Membership Starting Date for the Resigned Member | 2024-04-04 Corresponding to 1445-09-25 |
| Reasons of Resignation | Due to a change in work conditions, he joined another company (the regulations of the company he joined forbade participation in the boards or committees of listed companies), and therefore he will not be able to continue as a member of Saudi cable company’s Board of Directors. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Eng. Abdullah Odeh Alghabin |
| Membership Type | Independent |
| Membership Start Date | 2024-04-13 Corresponding to 1445-10-04 |
| Brief Resume of the Appointed Member | Eng. Abdullah Alghabin holds 30 years of experience in managing industrial, public, and private companies, and has worked in several positions in production, project management, business development, senior management, board membership, and corporate leadership in the Kingdom of Saudi Arabia, Egypt, and the United Arab Emirates. An administrative and engineering consultant. |
| The date of the approval by other official authorities | Not Applicable |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2024-04-13 Corresponding to 1445-10-04 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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