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Al Moammar Information Systems Co. — Board/Management Information 2021
Jan 24, 2021
53484_rns_2021-01-24_eb7456da-9d37-4086-86ed-5413b3b6780f.html
Board/Management Information
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Al Moammar Information Systems Co (MIS) Announces the formation of "Investment and Development Committee".
7200 · 24/01/2021 15:49:37 · Announcement #61739 · View on Saudi Exchange
Al Moammar Information Systems Co (MIS) Announces the formation of "Investment and Development Committee".
| Element List | Explanation |
|---|---|
| Announcement Detail | Al Moammar Information Systems Co (MIS) announces the approval of its Board of Directors held on 4/1/2021 to form a committee called "Investment and Development Committee" consisting of specialized experts from within the Kingdom and leading international countries in the field of technology and digital. |
The main purpose of the MIS Investment and Development Committee is to assist the Board of Directors in developing and optimizing the investment of its assets, strengthening the investment strategy and establishing guidelines for investment activities within the terms of the board's powers.
The members of the Committee are elected by the Board of Directors on the basis of the nominations of the Nominations and Reward by a majority of votes, and the duration of the committee shall be three years starting with the session of the company's board of directors, or on the date on which it is formed and ending at the end of the board session or by a decision of the Board to complete its work or integrate it into any other committee.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.