Banque Saudi Fransi Announces the Appointment of Two Members in Audit Committee
|Announcement Detail||Banque Saudi Fransi announces that it has obtained SAMA’s no objection on 04/05/1440 corresponding to10/01/2019 to appoint two new members of the Audit Committee for the two vacant seats in the Committee:
1- Mr. Mamdouh S. AlMajed
2- Dr. Ghazi A. Al-Rawi
The Bank’s Board of Directors approved by circulation on 04/05/1440 corresponding to 10/01/2019 their appointment as members of the Audit Committee as of 04/05/1440 corresponding to 10/01/2019. The composition of the Committee will be as follows:
1- Mr. Bader A. Al-Issa- Chairman from the Board
2- Dr. Ghazi A. Al-Rawi- a member from the Board
3- Dr. Muhammad A. Ikhwan – a non-Board member
4- Mr. Muhammad O. AlSubaiei- a non-Board member
5- Mr. Mamdouh S. AlMajed- a non-Board member
The Board’s approval is not final. These appointments will be submitted to the first meeting of the General Assembly for ratification.
Dr. Ghazi Al-Rawi- Holds a Ph.D. in Electrical Engineering- Communications, MA in management engineering- Financing & Investment from Stanford University, CA. He has a long experience in management, investment, strategic consultancy and senior management consultancy.
Mr. Mamdouh AlMajed- MBA from University of Leicester- UK, Bachelor of Arts in Accounting from King Saud University, and CPA from SOCPA. He has a long experience in public accounting, audit and financial management.