The National Agricultural Development Co. (NADEC) Announces the Formation of Audit Committee
| Element List | Explanation |
|---|---|
| Introduction | Referring to the announcement made by the National Agricultural Development Company (NADEC), which was published in (Tadawul) on 14/04/2024 AD, regarding the appointment of the Chairman and Vice Chairman of the Board of Directors, the formation of the Board Committees, the appointment of the Company’s representatives, and the appointment of the Board Secretary, the National Agricultural Development Company (NADEC) would like to announce the formation of the Audit Committee for the new board term, commencing on 11/04/2024 AD and concluding on 10/04/2028 AD, for a duration of four years, as follows: |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Khalid Salem Alrowais (Committee Chairman - Independent Member) |
| Membership Start Date | 2024-04-13 Corresponding to 1445-10-04 |
| Brief Resume of the Appointed Member | Mr. Khalid Salem Alrowais, holds a Bachelor's degree in Accounting from King Saud University and obtained a professional certificate in the field of accounting in USA. He is a member of the American Institute of Certified Public Accountants. Additionally, He has extensive experience spanning over 36 years working in the financial sector and joint-stock companies operating in the petrochemical and mining sectors. In addition to other memberships in boards of directors and their related committees. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Issa Saleh Alhurimmees (Member - Independent Member) |
| Membership Start Date | 2024-04-13 Corresponding to 1445-10-04 |
| Brief Resume of the Appointed Member | Mr. Issa Saleh Alhurimmees holds a Master's degree in both International Business Management - International Finance from Al Yamamah University and a Master's degree in International Business Management from INSEEC Business School, and a high diploma in International Financial Management from Washington University, with experience spanning over 26 years in the banking sector, during which he held several leadership positions in addition to his membership in several company boards and their related committees. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Khalid Mohammed Alsolai (Member - Non-Board Member) |
| Membership Start Date | 2024-04-13 Corresponding to 1445-10-04 |
| Brief Resume of the Appointed Member | Mr. Khalid Mohammed Alsolai holds a Bachelor's degree in Accounting from King Saud University, a Diploma in Economics and Management from the Economic Institute of the United States of America, and has obtained several professional certificates in both accounting and auditing fields. With over 40 years of experience, he has held various memberships in other boards of directors and their related committees across different companies and authorities. Additionally, he has served as the chairman and member of audit committees. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Eng. Saeed Abdallah Al-Moeather (Member - Non-Board Member) |
| Membership Start Date | 2024-04-13 Corresponding to 1445-10-04 |
| Brief Resume of the Appointed Member | Eng. Saeed Abdallah Al-Moeather holds a Master's degree in Chemical Engineering from Dalhousie University - Canada, and a Bachelor's degree in Chemical Engineering from King Saud University. He has over 24 years of experience working in various companies and industrial and investment sectors, he has held various memberships in other boards of directors and their related committees across different companies in addition to audit committees’ memberships. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2024-04-13 Corresponding to 1445-10-04 |
| Additional Information | In case of any inquiries, please contact with the department of Investor Relations on:
Telephone No: 0112027830 Email: IR@nadec.com.sa |
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