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Middle East Specialized Cables Co. Announces Resignation and Appointment of a Board Member
| Element List | Explanation |
|---|---|
| Introduction | MESC Company announces the acceptance of the Board of Directors of the resignation of Mr. Mousa bin Abdullah Al-Ruwaili, Vice Chairman of the Board of Directors (Independent Member) from his membership in the Board of Directors and the Nomination and Remuneration Committee, as of 06/05/2024 due to his special circumstances The Board of Directors also decided by circulation to appoint both: 1-Appointing Eng. Ali bin Abdul Razzaq Al-Ghamdi as Vice Chairman of the Board of Directors as of 06/05/2024 2-Appointing Eng. Sulaiman bin Mohammed Al-Namlah as a Member of the Nomination and Remuneration Committee as of 06/05/2024. The Board of Directors of the Company extends its sincere thanks and appreciation to Mr. Mousa bin Abdullah Al-Ruwaili for his efforts during his tenure as a member of the Board of Directors and the Nomination and Remuneration Committee. Wishing him success |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Mr. Mousa bin Abdullah Al-Ruwaili |
| Membership Type | Independent |
| Resignation Submission Date | 2024-05-05 Corresponding to 1445-10-26 |
| Resignation Effective Date | 2024-05-06 Corresponding to 1445-10-27 |
| Membership Starting Date for the Resigned Member | 2022-07-02 Corresponding to 1443-12-03 |
| Reasons of Resignation | Special reasons |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Eng. Ali bin Abdulrazzaq Al-Ghamdi |
| Membership Type | Independent |
| Membership Start Date | 2022-07-02 Corresponding to 1443-12-03 |
| Brief Resume of the Appointed Member | Eng. Ali Al-Ghamdi holds a mechanical engineering with 31 years of experience in the industrial and operations field |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2024-05-06 Corresponding to 1445-10-27 |
| 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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