Alujain Corp. — Board/Management Information 2011

Oct 17, 2011

Alujain announces Passing of Organizational Resolutions of the Board of Directors

2170 · 17/10/2011 17:25:58 · Announcement #22970 · View on Saudi Exchange

Alujain announces Passing of Organizational Resolutions of the Board of Directors

Alujain announces that its Board of Directors held a meeting today afternoon Monday, 19 Dhul Qeda 1432H corresponding to 17 October 2011 and passed many organizational resolutions, including the following, in preparation for the next term of the Board of Directors beginning on 1/1/2012 for a period of three years :

1) Appointment of Mr. Khalid Ahmed Alireza, Chairman of the Board to its next term mentioned above.

2) Appointment of Eng. Khalid Ibrahim Zaqzooq, Managing Director of the company to the next term mentioned above.

3) Appointment of Mr. Adnan Hassan Khalaf, Board secretary to the next term mentioned above.

4) Appointment of the Audit Committee, consisting of the following:

a. Eng. Omar H. Khalifati, Chairman

b. Mr. Adnan K. Salah, member

c. Mr. Ali Abdulla Kanoo, member

d. Mr. Asad Hameed, member

e. Mr. Mohammed Uzair Afzal, member

5) Appointment of the Nomination and Remuneration Committee, consisting of the following:

a. Mr. Khalid A. Alireza, Chairman

b. Mr. Adnan K. Salah, member

c. Mr. Abdullah Sadiq Dahlan, member

6) Appointment of Eng. Omar H. Khalifati, board member & Chairman of the Audit Committee and Eng. Marwan N. Nusair, the President of the Company to represent the company with Capital Market Authority (CMA).

7) Accepting the resignation of Board member Eng. Khalid Abdul Razzak Al-Nafisee, in view of his recent appointment as Ambassador of Kingdom of Saudi Arabia to Norway.

8) Appointment of HE Eng. Abdullah Rahimi, as member of the Board of Directors to replace outgoing member Eng. Khalid Abdul Razak Al-Nafisee, starting from the next term that begins on 1/1/2012 for a period of three years. This appointment will be presented in the next General Assembly Meeting for ratification in accordance with the regulations. It should be noted that Eng. Abdullah Rahimi, has held several senior positions, including the position of Vice President of the Saudi Industrial Development Fund, and President of the General Authority of Civil Aviation.

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