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ACWA POWER Co. announces changes on the composition of the Board of Directors
| Element List | Explanation |
|---|---|
| Announcement Detail | ACWA POWER Co. announces the issuance of the Board of Directors' resolution on February 14, 2023, to make the following changes in the composition of the Board: 1- Release Mr. Suntharesan Padmanathan from his position as Vice Chairman based on his request, while he will continue as an executive board member, and extend sincere gratitude and appreciation for his commitment in performing his duties as Vice-Chairman of the Board. 2- Appointment of Mr. Raad Esmat Al Saady as Vice Chairman (Executive) and Managing Director of the company. Both of the above resolutions are effective from February 14, 2023, for the remaining period of the current board term ending on January 4, 2025. |
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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