Al-Babtain Food Company announces the appointment of the Chairman of the Board of Directors and Vice-Chairman of the Board of Directors, the formation of the Board Committees, the appointment of the Secretary of the Board, and the appointment of the company’s representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul)
| Element List | Explanation |
|---|---|
| Announcement Detail | With reference to the Ordinary General Assembly meeting held on Thursday, 30/05/2024 AD, in which the members of the Board of Directors of Al Babtain Food Company were elected for its new session, which begins its work as of 24/02/2024 AD for a period of three years ending on 23/02/2027 AD, to be members. The council is as follows:
• Mr. Mansour Ibrahim Abdullah Ababtain (non-executive member) • Mr. Abdul Aziz Ibrahim Abdullah Al Babtain (Non-Executive Member) • Mr. Abdullah Mansour Ibrahim Ababtain (Executive Member) • Mr. Hamad Ibrahim Hamad Al-Salama (Independent Member) • Mr. Saud Abdul Rahman Al-Hadlaq (Independent Member) • Mr. Muhammad Abd al-Rahman Muhammad al-Aleeq (independent member) Accordingly, Al-Babtain Food Company announces the decision of the Board of Directors at its meeting on Wednesday, 05-06-2024 AD, regarding the appointment of the Chairman of the Board of Directors and the Vice-Chairman of the Board of Directors, the formation of the emerging committees, the appointment of the Secretary of the Board, and the appointment of the company’s representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul), at As follows: First: Election of the Chairman of the Board of Directors, his deputy, and the Secretary of the Board as follows: • Appointment of Mr. Mansour Ibrahim Abdullah Ababtain (Chairman of the Board of Directors) – Non-Executive Member • Appointment of Mr. Abdul Aziz Ibrahim Abdullah Al Babtain (Vice Chairman of the Council) - Non-Executive Member • Appointment of Mr. Abdullah Abdul Rahman Al-Sudais, Secretary of the Council.
Second: Restructuring the Audit Committee as follows:
• Appointment of Professor/ Muhammad Abd al-Rahman Muhammad al-Alaik (independent member - president) • Appointment of Mr. Hamad Ibrahim Hamad Al-Salama (independent member - member) • Appointment of Mr. Mansour Muhammad Saleh Abu Bakr (member from outside the Council - Secretary)
Third: Restructuring the Remuneration and Nominations Committee as follows: • Appointment of Mr. Saud Abdul Rahman Al-Hadlaq (Independent Member - Chairman) • Appointment of Mr. Hamad Ibrahim Hamad Al-Salama (independent member - member) • Appointment of Mr. Abdul Rahman Mansour Ibrahim Ababtain (from outside the Council - Secretary) Fourthly: Representatives of the company have been appointed for all purposes related to the application of rules and regulations at both the Capital Market Authority and the Saudi Stock Exchange (Tadawul). |
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