Middle East Specialized Cables Co. announces the resignation of the Chairman of the Audit Committee and Appointment of a new Chairman of the committee.
Middle East Specialized Cables Co. (MESC) announces that Eng. Ammar Abdulrahim Khadi, a board member (independent board member) has submitted his resignation from his role as chairman for the audit committee on 12-02-1443 corresponding to 19-09-2021 and the board of directors approved it (by circulation) on 19-09-2021. The reason for his resignation is appointing him as managing director of the company effective from 19-09-2021. In this regard, the board of directors would like to thank Eng. Ammar Khadi for his distinguished role and valuable and effective efforts during the period he chair the audit committee.
The company also announces the issuance of it board resolution (by circulation) on 19-09-2021 appointing the Vice Chairman of board of directors Eng. Saad Amash Alshammari (independent board member) as Chairman of audit committee effective from 19-09-2021 until the end of current committee session.
Element List
Explanation
Name of Resigning Member
Ammar Abdulrahim Khadi
Resignation Submission Date
2021-09-19 Corresponding to 1443-02-12
Resignation Effective Date
2021-09-19 Corresponding to 1443-02-12
Reasons for Resignation
appointing him as managing director of the company
Resigning Member Start Date
2019-08-18 Corresponding to 1440-12-17
Element List
Explanation
Appointed Member Name
Saad Amash Alshammari
Membership Start Date
2019-07-02 Corresponding to 1440-10-29
Brief Resume of the Appointed Member
worth to mention that Eng. Saad Alshammari holds a bachelor's degree in chemical engineering and a master's degree in advanced control of operations from King Saud University. He has more than 20 years of experience in joint stock companies
Element List
Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed
2021-09-19 Corresponding to 1443-02-12
Board Approval
Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval
Additional Information
The Chairman and board of directors wishes him continued success in his new role.
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