Electrical Industries Co. — Board/Management Information 2021

Sep 13, 2021

Electrical Industries Company announces the appointment of the Chairman and the Vice Chairman of the board of directors and the formation of the Board Committees for the new session.

1303 · 13/09/2021 08:27:41 · Announcement #64875 · View on Saudi Exchange

Electrical Industries Company announces the appointment of the Chairman and the Vice Chairman of the board of directors and the formation of the Board Committees for the new session.

Element List

Explanation

Announcement Detail

With reference to the results of the Ordinary General Assembly meeting which was announced on Tadawul on Wednesday 01/02/1443 corresponding to 08/09/2021, which includes approval of the election of the Board of Directors for a new session, starting on 10/9/2021 for three years, ending on 9/9/2024, therefore, EIC announces about its Board of Directors resolution issued on Sunday 12th of Sept 2021 as per the following:

First: Appointment of Mr. Yousef Ali ALQuraishi (None - executive) as the Chairman of the Board.

Second: Appointment of Eng. Mahmoud Mohamad ALToukhi (None - executive) as Vice Chairman of the Board.

Third: Appointment of Eng. Tariq Mohamad ALTahini (Executive) as Managing Director

Fourth: Formation of Remuneration and Nomination Committee from the following:

1- Mr. Jameel Abdullah ALMulhem (Independent) Chairman

2- Eng. Mahmoud Mohamad ALToukhi (None- executive) Member.

3- Mr. Faisal Saleh ALQuraishi (None- executive) Member.

It is worth noting the General Assembly has approved the formation of the Audit Committee for the new session on its meeting held on 7th Sept 2021 from the following members:

1- Mr Bader Ibrahim ALSwailem (Independent) Chairman.

2- Mr Sattam Abdulaziz ALZamil (Independent) Member.

3- Mr Abdulaziz Saud ALShabeebi (Member from outside the board).

Fifth: Appointment of the Company representatives to the Capital Market Authority, Saudi Stock Exchange (Tadawul) and Securities Depository Center (Edda) for all purposes related to the application of the financial market and its implementing regulations.

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.