IssuerAnnouncementDetailsV2Portlet
Actions
Saudi Telecom Company (stc) announces the appointment of the Chairman, Vice Chairman, the formation of the Board Committees, and the appointment of Company’s representatives.
| Element List | Explanation |
|---|---|
| Announcement Detail | Saudi Telecom Company (stc) announces that the Board of Directors, elected by the Ordinary General Assembly held on 24-7-2024 for the new term starting on 25-7-2024 for four years, ending on 24-7-2028, has decided the following: First: Appointing the Chairman, Vice Chairman, as follows: 1. HRH Prince Mohammed K. A. Al-Faisal (Independent) as Chairman of the Board of Directors. 2. Mr. Yazeed A. Al-Humied (Non-Executive) as Vice Chairman of the Board of Directors. Second: The Board approved the formation of the Board committees, as follows: 1. The formation of the Executive Committee members as follows: - HRH Prince Mohammed K. A. Al-Faisal, Independent (Chairman of the Committee) - H.E. Dr. Khaled H. Biyari, Non-Executive (Member) - Mr. Yazeed A. AlHumied, Non-Executive (Member) - Mr. Sanjay Kapoor, Independent (Member) - Dr. Ibrahim S. ALMojel, Non-Executive (Member) 2. The formation of the Nominations and Remuneration Committee members as follows: - Mr. Jameel A. AlMulhem, Independent (Chairman of the Committee) - Ms. Sarah J. AlSuhaimi, Independent (Member) - Ms. Huda M. AlGhoson (External Member) 3. The formation of the Investment Committee members as follows: - HRH Prince Mohammed K. A. Al-Faisal, Independent (Chairman of the Committee) - Mr. Arndt Rautenberg, Independent (Member) - Dr. Ibrahim S. ALMojel, Non-Executive (Member) - Ms. Sarah J. AlSuhaimi, Independent (Member) - Mr. Rashid I. Sharif (External Member) 4. The formation of the Risk Committee members as follows: - Ms. Rania M. Nashar, Non-Executive (Chairman of the Committee) - Mr. Walid I. Shukri, Independent (Member) - Mr. Ahmed M. Al-Omran, Non-Executive (Member) - Eng. Tarek A. Al Rikhaimi (External Member). Third: Appointing the Board of Directors Secretary and the representatives of the company in front of the Capital Market Authority, the Saudi Tadawul Group, and the Securities Depository Center Company (Edaa) for all purposes related to applying of the Capital Market Law and its executive regulations. |
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.
Share
Company Performance
Key Parameters
Last Price 42.5
Net Change 0.52 (+1.24%)
Value Traded (Sar) 114,986,348.92
Volume Traded 2,711,398
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions