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United Electronics Company (eXtra) announces the appointment of the Chairman, Vice Chairman, and Managing Director, the formation of committees, and the appointment of company representatives.
| Element List | Explanation |
|---|---|
| Announcement Detail | United Electronics Company (eXtra) announces that the Board of Directors, elected by the Ordinary General Assembly held on May 9, 2024, for the new term starting on May 13, 2024, and ending on May 12, 2027, has decided on the following on Monday, May 13, 2024: 1. Appointing Mr. Yousef Ali Zaid AL Quraishi (Independent Member) as Chairman of the Board of Directors. 2. Appointing Mr. Fozan Mohammed Ahmed AlFozan (Non-Executive Member) as Vice Chairman of the Board of Directors. 3. Appointing Mr. Mohamed Galal Ali Fahmy (Executive Member) as Managing Director. 4. Forming the Audit Committee as follows: Mr. Fahad Adnan Abdulrahman Almansour (Independent Member) - Chairman of the Committee Mr. Mohammed Ibrahim Abdulaziz Al-Obeid (outside the Board) - Member Mr. Mohammed Farhan Mohammed Nader (outside the Board) - Member 5. Forming the Nominations and Remuneration Committee as follows: Mr. Hazem Abdullah Abdulaziz Al Shaikh Mubarak (Independent Member) - Chairman of the Committee Mr. Yousef Ali Zaid AL Quraishi (Independent Member) - Member Mr. Abdullatif Ali Abdullatif Al Fozan (Non-Executive Member) - Member 6. Appointing company representatives for all matters related to the implementation of the rules and regulations at both the Capital Market Authority (CMA), the Saudi Exchange (Tadawul), and the Securities Depository Center Co. (Edaa). Additionally, appointing the Secretary of the Board of Directors |
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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