Batic Investment and Logistics Co. Announce the appointment of the Chairman of the Board of Directors, the Vice Chairman, the Managing Director and the formation of the committees
| Element List | Explanation |
|---|---|
| Announcement Detail | Reference to the results of Batic Investment and Logistics Co. Ordinary General Assembly held on 03/04/2023, which included the election of the members of the Board of Directors for a new term starts on 03/04/2023 and for a period of three years ending on 02/04/2026.
The company would like to announce the following board decisions on 05-04-2023: First: The Approval of appointing Mr. Turki Ibrahim AlRajhi as Chairman of the Board of Directors. Second: The Approval of appointing Mr. Feras Khalid AlBawardi as Vice-Chairman of the Board of Directors. Third: The Approval of appointing Eng. Mohammed Saud AlZamil as Managing Director of the company. Fourth: The Approval of appointing Mr. Mohammed Saleh AlMazyad as General Secretary of the board of directors. Fifth: The Approval of forming of the Nomination and Remuneration Committee. Sixth: The Approval of forming of the Executive and Investment Committee. Seventh: Appointing the representatives of the company for the Capital Market Authority and The Saudi Stock Exchange.
It is to be noted, that the Approval of Audit Committee formation, defining its duties, working procedure and remuneration of its members for the new period starting from the date of the General Assembly meeting on April 03, 2023 until the end of the session on April 02, 2026, it is been previously approved on the General Assembly meeting on April 03, 2023, and the they are:
1)Mr. Basel Fahad Al- Sultan 2)Mr. Taha Mohammed Azhari 3)Mr. Turki Abdullah Al-Hammad |
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