Saudia Dairy and Foodstuff Co. ("SADAFCO") Announces the Appointment of the Chairman and Vice-Chairman of the Board of Directors, the Formation of Committees, the Secretary of the Board, and the Appointment of Company Representatives
| Element List | Explanation |
|---|---|
| Announcement Detail | Reference to the Extraordinary General Assembly meeting held on Wednesday, 18-08-1445H corresponding to 28-02-2024G, which includes the election of the Board of Directors for its new session, which begins on 01-04-2024G and ends on 31-03-2028G for a period of four Gregorian years.
The Board of Directors decided on 01-04-2024 the following:
First: Appointment of the Chairman and Vice-Chairman of the Board of Directors:
1. Appointment of Sheikh Hamad Sabah Al-Ahmad Al-Sabah (Non-Executive Board Member) as Chairman of the Board of Directors.
2. Appointment of Mr. Saied Ahmed Saied Basamh (Non-Executive Board Member) as Vice Chairman of the Board of Directors.
Second: Formation of the Board Committees:
1. Formation of the Audit Committee from: • Sheikh Sabah Mohammed A. Al-Sabah (Non-Executive Board Member) • Mr. Ihab Ibrahim M. Othman (Independent Board Member) • Mr. Mickey Zacharia (Member from outside the Board) • Mr. Mohammed Ahmed Sobh (Member from outside the Board) • Mr. Moustapha Samir Chami (Member from outside the Board)
2. Formation of the Nominations and Remuneration Committee from: • Mr. Essam Saleh A. Al-Thukair (Independent Board Member) • Mr. Ahmed Mohammed H. Al Marzouqi (Non-Executive Board Member) • Mr. Ahmed Abdulwahab M. Zahran (Member from outside the Board)
3. Dissolving the Investment Committee formed pursuant to the Board of Directors' decision dated 02-22-1444H (09-18-2022G), and forming the Executive Committee from: • Sheikh Sabah Mohammed A. Al-Sabah (Non-Executive Board Member) as Chairman of the Committee • Mr. Saied Ahmed Saied Basamh (Non-Executive Board Member) • Mr. Ahmed Mohammed H. Al Marzouqi (Non-Executive Board Member) • Mr. Ihab Ibrahim M. Othman (Independent Board Member) • Mr. Samer Mohammed I. Abbouchi (Member from outside the Board)
Third: The Board decided to approve the appointment of Mr. Hussein Mohammed Mousa as Secretary Board of Directors.
Fourth: Appoint company representatives at the Capital Market Authority, the Capital Market Company (Tadawul), and the Securities Depository Center Company (Edaa). |
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