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Yamama Cement Company announces the appointment of the Chairman of the Board of Directors and its Vice Chairman, as well as the formation of the committees emanating from the board.
| Element List | Explanation |
|---|---|
| Announcement Detail | Reference is made to the results of the Ordinary General Assembly meeting held on Monday, 15/09/1445 AH corresponding to 25/03/2024, which included the election of the members of the Board of Directors for the new term, commencing on 29/03/2024 and ending on 28/03/2028 AD. Yamama Cement Company hereby announces the resolutions of the Board of Directors meeting held on 22/09/1445 AH corresponding to 01/04/2024, as follows: 1. Appointment of His Highness Prince Naif bin Sultan bin Mohammed bin Saud Al Kabir as Chairman of the Board of Directors (non-executive member). 2. Appointment of Engineer Abdullah bin Abdulrahman Al Obeikan as Vice Chairman of the Board of Directors (non-executive member). 3. Appointment of Mr. Mohammed bin Ibrahim Al Qdhibi as the Secretary of the Board of Directors. 4. Formation of the Compensation and Nomination Committee as follows: - Prince Sultan bin Khalid bin Mohammed bin Saud Al Kabir - Chairman (independent). - Prince Naif bin Sultan bin Mohammed bin Saud Al Kabir - Member (non-executive). - Eng. Abdullah bin Abdulrahman Al Obeikan - Member (non-executive). - Eng. Faisal bin Sulaiman Al Rajhi - Member (non-executive). 5. Formation of the Audit Committee as follows: - Mr. Raed bin Ali Al Saif - Chairman (external member). - Dr. Sultan bin Saleh Al Salem - Member (non-executive). - Mr. Faraj bin Saad Al Qabbani - Member (independent). - Mr. Latifi Shahada - Member (external member). 6. Appointment of the company's representatives to the Saudi Arabian Monetary Authority, the Saudi Stock Exchange (Tadawul), and the Securities Depository Center (Edaa) for all matters related to the implementation of the Capital Market Authority's 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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