The Arabian Plastic Industry Company announces the appointment of a Chairman and Vice Chairman of the Board of Directors and the formation of Board committees for the new session.
| Element List | Explanation |
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| Announcement Detail | With reference to the General Assembly meeting of the Arabian Plastic Industry Company (APICO), held via modern technology means at 07:00 pm on Thursday, 19/03/1447 AH, corresponding to 11/09/2025, during which the members of the Company’s Board of Directors were elected for its new session. This session commenced on 22-03-1447 AH, corresponding to 14-09-2025, for a term of four years and will end on 04-05-1451 AH, corresponding to 13-09-2029.
The Board of Directors of the Company is pleased to announce the resolutions adopted during its first meeting held on Tuesday, 08-04-1447 AH, corresponding to 30-09-2025, as follows: First: Appointment of Ahmad Omar Abubakr Balubaid as Chairman of the Board. (Non-Executive) Second: Appointment of Mr. Waleed Khalid Balubaid as Vice Chairman. (Non-Executive) Third: Formation of the Nomination and Remuneration Committee of the following members: 1. Eng. Azhar Medo Kenji (Board Member/ Independent) Chairman. 2. Eng. Mohammed Hashem Alhaj (Board Member/ Non-Executive). 3. Mr. Murhaf Mohammed Al-Samman (Non-Board Member) Member. Fourth: The formation of the Audit Committee will be announced in a separate announcement in compliance with the regulations and policies issued by the CMA. Fifth: Appointing a Secretary to the Board of Directors, in addition to appointing the company’s representatives to the CMA and the Saudi Stock Exchange(Tadawul), for all purposes related to the implementation of the Capital Market Law and its regulations. The Board of Directors' resolution to form the above Committees, with its mandate continuing until the end of the current Board term, which will conclude on 13-09-2029. |
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