Arabian Cement Co. — Board/Management Information 2021

Jan 3, 2021

Arabian Cement Company Announces the appointment of the Chairman, Vice Chairman, the formation of the Board Committees, the appointment of the company’s representatives to the Capital Market Authority (CMA), and the Appointment of the Secretary of the Board of Directors.

3010 · 03/01/2021 07:41:16 · Announcement #61528 · View on Saudi Exchange

Arabian Cement Company Announces the appointment of the Chairman, Vice Chairman, the formation of the Board Committees, the appointment of the company’s representatives to the Capital Market Authority (CMA), and the Appointment of the Secretary of the Board of Directors.

Element List	Explanation
Announcement Detail	Reference to the General Assembly Meeting No. (64) Of Arabian Cement Company, which was held on Sunday 28/4/1442, corresponding to 13/12/2020, in which a new Board of Directors for Arabian Cement Company were elected for the new term that started on 1/1/2021 for three years period ending on 31/12/2023.

Arabian Cement Company announces the following directives of its newly elected board in its first meeting held on 2/1/2021:

First: The appointment of HE Eng. Abdullah Mohammed Noor Rehaimi (Independent) as Chairman of the Board of Directors.

Second: The appointment of Mr. Saud Abdulaziz AlSulaiman (Non-executive) as Vice Chairman of the Board of Directors.

Third: Formation of the Remuneration and Nomination Committee as follows:

1. Eng. Al Waleed Abdulrazaq AlDereyaan (Independent) as Chairman of the Committee.

2. Mr. Turki Abdullah AlRajhi (Non-executive) as Member.

3. Mr. Yousef Saleh Abalkhail (Independent) as Member.

Fourth: Formation of the Corporate Governance and Social Responsibility Committee as follows:

1. Eng. Al Waleed Abdulrazaq AlDereyaan (Independent) as Chairman of the Committee.

2. Mr. Turki Abdullah AlRajhi (Non-executive) as Member.

3. Mr. Yousef Saleh Abalkhail (Independent) as Member.

Fifth: Formation of the Risk Management Committee as follows:

1. Eng. Moutaz Qusai AlAzzawi (Non - executive) as Chairman of the Committee.

2. Mr. Fahad Abdullah Alissa. (Independent) as Member.

3. Mr. Naif Mesned AlMesned (External expert) as Member.

Sixth: The approval of the General Assembly Meeting No. (64), dated 13/12/2020, was previously announced to appoint the following Audit Committee members as follows:

1. Eng. Moutaz Qusai AlAzzawi (Non-executive) as Chairman of the Committee.

2. Mr. Fahad Abdullah Alissa (Non-executive) as Member.

3. Mr. Abdulatif Ali AlSeif (Independent) as Member.

4. Mr. Abdulaziz Saleh Ablkhail (External Expert) as Member.

Seventh: Representatives of the company have been appointed to the Capital Market Authority (CMA) and the Saudi Stock Exchange Company (Tadawul) for all purposes related to the application of the Capital Market Law and implementing its regulations.

Eighth: Appointment Mr. Hani Mohammed Lahji - Secretary of the Board of Directors.

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.