Halwani Bros. Co. Announces Resignation and Appointment of an Audit Committee Member
| Element List | Explanation |
|---|---|
| Introduction | Halwani Brothers Company announces the Board of Directors resolution (by circulation) on March 27, 2024, approving the resignation of Eng. Sakhr Assad Jamjoom (an independent board member) from the Audit Committee. The resignation was submitted on March 27, 2024, due to his appointment as a managing director of the company. It should be noted that his membership began on November 19, 2023.
Furthermore, the Board of Directors decided (by circulation) on March 27, 2024, to approve the appointment of Eng. Anees Ahmed Moumina (an independent board member) as a member of the Audit Committee. This appointment will be effective starting from March 28, 2024, until the end of the current board term on November 6, 2024.
The Board members express their gratitude and appreciation to Eng. Sakhr Assad Jamjoom for his outstanding efforts and valuable contributions during his tenure with the Committee, wishing them both success and prosperity. |
| Element List | Explanation |
|---|---|
| Name of Resigning Member | Eng. Sakhr Assad Jamjoom |
| Resignation Submission Date | 2024-03-27 Corresponding to 1445-09-17 |
| Resignation Effective Date | 2024-03-27 Corresponding to 1445-09-17 |
| Reasons for Resignation | Appointment as a Managing Director of the company |
| Resigning Member Start Date | 2023-11-19 Corresponding to 1445-05-05 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Eng. Anees Ahmed Moumina |
| Membership Start Date | 2024-03-28 Corresponding to 1445-09-18 |
| Brief Resume of the Appointed Member | It is worth mentioning that Eng. Anees Ahmed Moumina holds a master’s degree in engineering management and a Bachelor's degree in Civil Engineering, both with honors, from George Washington University in the United States. He has over 35 years of experience working in leading public companies specialized in the food and retail sectors, as well as family businesses and major banking institutions in the region. He has held several leadership positions, including the CEO of Savola Group, CEO of SEDCO Holding Group, General Manager and Head of Credit at Samba Financial Group. Currently, he holds multiple board memberships in various organizations. |
| The date of the approval by other official authorities | Not Applicable |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2024-03-27 Corresponding to 1445-09-17 |
| Additional Information | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval. |
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