Saudi Advanced Industries Company (SAIC) Announces the Appointment of the Chairman and Vice Chairman of the Board, Formation of Board Committees, and Appointment of Company Representatives
| Element List | Explanation |
|---|---|
| Announcement Detail | With reference to the results of the Ordinary General Assembly Meeting of the Saudi Advanced Industries Company (SAIC), held on 29 Dhul-Hijjah 1446H (corresponding to 25 June 2025), during which the members of the Board of Directors were elected for a new term that commenced on 25 June 2025 and will continue for four Gregorian years.
The Company is pleased to announce the resolutions of the Board of Directors in its first meeting held on 03 Muharram 1447H (corresponding to 28 June 2025), as follows: First: Appointment of the Chairman and Vice Chairman of the Board: 1. Mr. Abdullah Mohammed Al-Homaidi – Chairman of the Board 2. Mr. Mohammed Shbeeb Al-Mutlaq – Vice Chairman of the Board Second: Appointment of Mr. Mohammed Fahad Al-Dossari – Secretary of the Board Third: Formation of the Nominations and Remunerations Committee Fourth: Formation of the Investment Committee Fifth: Formation of the Audit Committee, consisting of the following members: 1. Mr. Yasser Rashid Al-Rasheed – Chairman of the Committee 2. Mr. Bader Ali Ahmad Al-Rabeeah – Member 3. Ms. Yara Dakheel Raja Al-Hajri – Member 4. Mr. Faisal Sultan Al-Subaie – Member from outside the Board Sixth: Appointment of the Company’s representatives to the Capital Market Authority (CMA), the Securities Depository Center (Edaa), and the Saudi Stock Exchange (Tadawul), for all matters related to the implementation of the Capital Market Law and its implementing regulations |
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