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Modern Mills for Food Products Co. Announces Resignation and Appointment Audit Committee Member
| Element List | Explanation |
|---|---|
| Introduction | Modern Mills Company announces that the Board of Directors (by circulation) has approved the resignation of Mrs. Lisa Meeks from the Audit Committee. Furthermore, the Board of Directors has also approved the appointment of Mr. Nasser Paracha as a replacement for the Audit Committee. The Board of Directors extends sincere thanks and appreciation to Mrs. Lisa Meeks for the efforts and contribution she put during her tenure with the Committee, while it wishes all success to Mr. Nasser Paracha. |
| Element List | Explanation |
|---|---|
| Name of Resigning Member | Lisa Meeks |
| Resignation Submission Date | 2024-04-29 Corresponding to 1445-10-20 |
| Resignation Effective Date | 2024-04-29 Corresponding to 1445-10-20 |
| Reasons for Resignation | Personal circumstances |
| Resigning Member Start Date | 2023-10-19 Corresponding to 1445-04-04 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Nasser Paracha |
| Membership Start Date | 2024-04-30 Corresponding to 1445-10-21 |
| Brief Resume of the Appointed Member | Mr. Nasser Paracha holds a BSC (Hons) Degree in Operational Research with Computing from the University of Leeds (UK) and is currently the Chief Risk Assurance Officer at Al Ghurair Investment LLC. With approximately 30 years of experience in banking across markets, he has previously held several prominent positions at Mashreq Bank, including SEVP - Group Head of Internal Audit (5 years), EVP - Group Head of Audit, Fraud and Compliance (5+ years), and SVP – Chief Compliance Officer and Bank MLRO (9+ years). His career also includes experiences in Corporate Banking at Deutsche Bank, the Audit Committee membership at Sukoon Insurance, and CEO of a family-owned manufacturing enterprise. |
| 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 | 2024-04-29 Corresponding to 1445-10-20 |
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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