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Electrical Industries Company announces the appointment of the Chairman of the Board, the Vice Chairman, the Managing Director, the Formation of the Board Committees, the appointment of the Company’s Representatives and the appointment of the Board’s Secretary
| Element List | Explanation |
|---|---|
| Announcement Detail | With reference to the results of the Ordinary General Assembly meeting held on 04-12-2024, which included the election of the Board of Directors of Electrical Industries Co. for the new term, starting from 09-12-2024 for four years, ending on 08-12-2028, the Company is pleased to announce to its shareholders about the Board of Directors resolution dated 08-12-2024 as per the following: First: Appointment of Mr. Yousef Ali ALQuraishi (Non- Executive) as the Chairman of the Board Second: Appointment of Eng. Mahmoud Mohammed ALToukhi (Non- Executive) as the Vice Chairman of the Board Third: Appointment of Eng. Tariq Mohammed ALTahini (Executive) as the Managing Director Fourth: Formation of the Audit Committee from the following: 1-Mr. Sattam Abdulaziz ALZamil (Independent) Chairman 2-Mr. Abdulaziz Saud ALShabeebi (from Outside the board) Member 3-Eng. Khalid Sulaiman ALHarbi (Independent) Member Fifth: Formation of the Remuneration and Nomination Committee from the following: 1-Mr. Jameel Abdullah ALMolhem (Independent) Chairman 2-Mr. Faisal Saleh ALQuraishi (Non- Executive) Member 3-Mr. Bader Brahim ALSuwailem (Non- Executive) Member Sixth: Appointment of the Company’s Representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul) for all purposes related to the implementation of the Capital Market Law and its executive regulations. Seventh: Appointment of 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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