Filing and Packing Materials Manufacturing Co. Announcess the appointment of the Chairman, Vice Chairman of the Board and the Managing Director as well as the formation of the Board committees.

FIPCO 2180 -1.16% 34.05 -0.40

Element List Explanation
Announcement Detail The Board of Directors of Filling and Packing Materials MFG. CO. (FIPCO) are elected for the current term, which commenced on 01/01/2019 to 31/12/2021, at its first meeting at 01:00 pm on Tuesday 01/01/2019, where the following resolutions were approved:

1. The appointment of Mr. Ahmed Abdullattif Albarrak (non-executive) Chairman of the Board of Directors for the current term, which commenced on 01/01/2019 to 31/12/2021.

2. The appointment of Mr. Faisal Muhammad Alharbi (executive) Vice Chairman and the Managing Director for the current term, which commenced on 01/01/2019 to 31/12/2021.

3. Formation of the board committees as follows:

• The Nomination and Remuneration Committee for the current term, which commenced on 01/01/2019 to 31/12/2021 includes:

1- Mr. Nemer Nasser Alharbi (Independent), as the chairman of the committee.

2- Mr. Ali Saleh Alshidoukhi (Independent out of the board), as a member.

3- Mr. Ahmed Abdullattif Albarrak (non-executive), as a member.

• The Executive Committee for the current term, which commenced on 01/01/2019 to 31/12/2021 includes:

1- Mr. Ahmed Abdullattif Albarrak (non-executive), as the chairman of the committee.

2- Mr. Abdulrahman Ibrahim Almudaimeegh (Independent), as a member.

3- Mr. Faisal Muhammad Alharbi (Executive), as a member.

• The Corporate Governance Committee for the current term, which commenced on 01/01/2019 to 31/12/2021 includes:

1- Mr. Abdullah Muhammad Alharbi (executive), as the chairman of the committee.

2- Ahmed Abdullattif Albarrak (non-executive), as a member.

3- Mr. Salah Muhammad Sabry (Executive out of the board), as a member.

It is worth to mention that The formation of the Audit Committee and selection of its members was approved by the 31st General Assembly meeting held on Wednesday 19/12/2018.

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