Ash-sharqiyah Development Company announces the appointment of the Chairman, Vice President, Managing Director and the formation of the Nomination, Remuneration and and review committee and Executive Business Committee in the new session of the Council
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| Announcement Detail | Referring to the announcement of Ash-sharqiyah Development Company on 30/12/1444 AH corresponding to 18/07/2023 regarding the results of the forty- Ninth ordinary general assembly meeting held on 29/12/1444 AH corresponding to 17/07/2023 which includes the election of a new board of directors for the session starting from the date 02/01/1445 AH corresponding to 20/07/2023 for a period of three years Expires on 07/19/2027
The company announces the decisions of the Directors Board meeting which held on 02/01 / 1445H corresponding to 20/07/2023, in order to choose the Chairman, Vice President, Managing Director and the formation of the Nomination and Remuneration Committee and review committee and the Executive Committee, which came as follows : (1) The appointment of Mr. Yasser Muhammad Nasser Al Jarallah - Chairman of the Board (non-executive) (2) The appointment of Mr. Ali Yahya AlJaafri - Vice Chairman of the Board (Independent) (3) The appointment of Mr / Fayez Saleh Abdullah bin Mahfouz - Managing Director (Executive) (4) Appointment of the Nomination and Remuneration Committee of the Board of Directors from the following names: 1- Dr. Khaled Majid Abdul Rahman Al-Rasheed - President (Independent) 2- Mr / Yasser Muhammad Nasser Al Jarallah - Member (non-executive) 3- Mr / Abdul Rahman Hassan Abdul Rahman Al-Amoudi - Member (Independent) (5) Appointment of the Executive Committee of the Board of Directors from the following names: 1 Mr / Yasser Muhammad Nasser Al Jarallah - President (non-executive) 2- Mr / Fayez Saleh Abdullah bin Mahfouz - Member (Executive) 3- Mr / Ali Yahya AlJaafri - Member (Independent) 4- Mr / Abdul Rahman Hassan Abdul Rahman Al-Amoudi - Member (Independent) (6) Appointing the Audit Committee emanating from the Board of Directors from the following: 1- Mr / Ali Yahya AlJaafri - President (Independent) 2-Mr / Bassam Muhammad Al-Baqawi (from outside the board) 3- Mr / Abdullah Saleh Al-Harbi (from outside the board) 4- Mr / Saad Mohammed Al-Huwaimel (from outside the board) (7) Appointing the Secretary of Directors Board (8) Appointing the representatives of the company with the Capital Market Authority for all purposes related to the implementation of the Authority's law and executive regulations. (9) Appointing a company`s representatives, for Tadawul, for listing purposes |
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