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Saudi Cable Co. Announces the Formation of Audit Committee
| Element List | Explanation |
|---|---|
| Introduction | Referring to the Ordinary General Assembly meeting of Saudi Cable Company which was held on Wednesday 24/09/1445 corresponding to 03/04/2024, which the Board of Directors for the new period starting on 04/04/2024 and ending on 03/04/2027 was elected. The Board of Directors has resolved in its first meeting held on 28/09/1445 corresponding to 07/04/2024 formation of the Audit Committee which starting on 04/04/2024 and ending on 03/04/2027 as follow: 1. Mr. Abdulkarim M. Al Nuhayer (independent). 2. Mr. Majed D. Kareem (external member). 3. Mr. Mohammed H. Daghestani (external member). |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Abdulkarim M. Al Nuhayer |
| Membership Start Date | 2024-04-04 Corresponding to 1445-09-25 |
| Brief Resume of the Appointed Member | Mr. Abdulkarim M. Al Nuhayer holds over 25 years of experience and has held many positions, most notably: CEO of several of leading companies. |
| The date of the approval by other official authorities | Not Applicable |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Majid D. Karim |
| Membership Start Date | 2024-04-04 Corresponding to 1445-09-25 |
| Brief Resume of the Appointed Member | Mr. Majid Karim holds 30 years of experience, holding many positions which are: Senior Financial Executive Director, Independent Financial Advisor, Founder of KK Advisory Financial Consulting Company, Member of the Board of Directors of many listed and closed joint stock companies. He also chaired several audit and risk committees. He is an expert in International Financial Reporting Standards (IFRS). |
| The date of the approval by other official authorities | Not Applicable |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Muhammad Hassan Dagestani |
| Membership Start Date | 2024-04-04 Corresponding to 1445-09-25 |
| Brief Resume of the Appointed Member | Mr. Muhammad Dagestani holds more than 22 years of experience holding many positions, most notably: Owns the office of a certified public accountant, auditor, financial analyst, head of finance, accounting manager, and serves as a member of the audit committee in several listed, closed, and governmental companies. |
| 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 | 2024-04-07 Corresponding to 1445-09-28 |
| Additional Information | Board Approval Deemed Final, according to paragraph (A) of article Fifty-One of the Corporate Governance 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.
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