The National Agricultural Development Co. (NADEC) Announces the appointment of the Chairman and Vice Chairman of the Board of Directors, the formation of the Board Committees, the appointment of the Company’s representatives, and the appointment of the Board Secretary

-1.49 %
1445/10/05     14/04/2024 08:12:15

Element ListExplanation
Announcement Detail Referring to the results of the company's 38th Ordinary General Assembly Meeting, that was announced in (Tadawul) on March 20, 2024 AD, which includes approval of the election of the board of directors for the new term that begins on 11/04/2024 AD and ends on 10/04/2028 AD for four years.

The National Agricultural Development Company (Nadec) Board of Directors are pleased to announce its decisions in its first meeting which was held on 04/10/1445 H corresponding to 13/04/2024 AD as follows:

First: Appointing Mr. Abdulaziz Saleh Alrebdi (Non-Executive Member) (Chairman of the Board of Directors).

Second: Appointing Mr. Ahmed Saud Sahini (Non-Executive Member)- (Vice chairman.).

Third: Formation of the Executive Committee as the following:

1- Mr. Abdulaziz Saleh Alrebdi (Non-Executive Member) (Chairman).

2- Mr. Ahmed Saud Shahini (Non-Executive Member) (Member).

3- Mr. Amr Abdulaziz Aljallal (Independent Member) (Member).

4- Dr. Nasser Zaid Almeshary (Independent Member) (Member).

5- Dr. Sulaiman Abdulaziz Altwaijri (Non-Board Member- Executive Member) (Member).

Fourth: Formation of the Nomination and Remuneration Committee as the following:

1- Mr. Amr Abdulaziz Aljallal (Independent Member) (Chairman).

2- Mr. Ahmed Saud Shahini (Non-Executive Member) (Member).

3- Mr. Alaa Abduallh Alhashem (Non-Executive Member) (Member).

Fifth: Formation of the Audit Committee as the following:

1- Mr. Khalid Salem Alrowais (Independent Member) (Chairman).

2- Mr. Issa Saleh Alhurimmees (Independent Member) (Member).

3- Mr. Khalid Mohammed Alsolai (Non-Board Member) (Member).

4- Eng. Saeed Abdallah Al-Moeather (Non-Board Member) (Member).

Sixth: Appointing the representatives of the company at the Capital Market Authority, the Saudi Stock Exchange Company (Tadawul), and the Securities Depository Center (Edaa) for all matters related to the implementation of the Capital Market Authority's regulations in addition to the appointment of the Board Secretary.

Note that these decisions are effective from the date of the Board of Directors’ meeting and for a period of four calendar years ending on 10/04/2028 AD.

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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Last Price 29.7
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