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Addendum Announcement from Saudi Paper Manufacturing Co. in regards to Formation of the audit committee
| Element List | Explanation |
|---|---|
| Introduction | With reference to the Saudi Paper Manufacturing Company’s announcement of the appointment of the Chairman of the Board of Directors, the Vice Chairman of the Board of Directors, the formation of committees, the appointment of the Secretary, and the appointment of the company’s representatives to the Capital Market Authority, the Saudi Stock Exchange (Tadawul) and the Securities Depository Center Company, the company would like to clarify the details regarding the members of the Audit Committee for the session The Board of Directors extends from the date: 04/27/2024 AD until the date: 04/26/2027 AD for a period of three years, as follows: |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2024-04-28 Corresponding to 1445-10-19 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | 1- Mr. Bashar Aba Al-Khail (Chairman of the Committee - Independent Member) Membership start date: April 27, 2024 AD About the member: Mr. Bashar Aba Al-Khail holds a bachelor’s degree in financial management from King Saud University - Kingdom of Saudi Arabia. He has extensive experience extending to more than 23 years in the banking, insurance and financial sectors. He has also held many memberships in other boards of directors and the committees emanating from them in various companies. In addition to his membership in audit committees. 2- Dr. Walid bin Muhammad Al-Bassam (committee member - member from outside the council). Membership start date: April 27, 2024 AD About the member:Dr. Walid bin Mohammed Al-Bassam holds a PhD in Accounting and Governance from the University of Glasgow - Britain. He has 25 years of practical experience in the field of financial management, internal auditing and accounting, during which he has held several leadership positions and also has experience in audit committee memberships for several companies. 3-Dr. Saleh Al-Shenaifi (committee member - member from outside the council) Membership start date: April 27, 2024 AD About the member: Dr. Saleh Al-Shenaifi holds a doctorate in accounting and auditing from Florida Atlantic University. He has extensive experience extending to more than 23 years in the field of internal auditing and accounting, and he also has experience in audit committee memberships. |
| Financial Impact on the change | nothing |
| Additional Information | nothing |
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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