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Saudi Company for Hardware Announces Resignation Audit Committee Member

SACO 4008 0.76% 29.30 0.22
Element List Explanation
Introduction SACO announces the resignation of Mr. Sameer Omar Baeisa (independent), a member of the Audit Committee. He has submitted his resignation from the committee membership on August 7, 2023, following his appointment as the Chairman of the Board of Directors.

The Board of Directors will appoint a member in the vacant position, according to the followed procedure, as soon as possible, so that the formation of the Committee is in line with the requirements of the relevant statutory articles in terms of the minimum number of members of the Audit Committee (three members), provided that an announcement is made at a later time. For the name of the appointed member in accordance with the requirements of the relevant regulations and instructions.

Element List Explanation
Name of Resigning Member Sameer Omar Baeisa
Resignation Submission Date 2023-08-07 Corresponding to 1445-01-20
Resignation Effective Date 2023-08-07 Corresponding to 1445-01-20
Reasons for Resignation following his appointment as the Chairman of the Board of Directors
Resigning Member Start Date 2023-07-20 Corresponding to 1445-01-02

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