Saudi Cement Co. — Board/Management Information 2016

Feb 7, 2016

Saudi Cement Company. announces the Resignation and Appointment of Board Member

3030 · 07/02/2016 08:18:56 · Announcement #41121 · View on Saudi Exchange

Saudi Cement Company. announces the Resignation and Appointment of Board Member

Saudi Cement Company announces that board member Dr. Waleed Ahmed Al-Juffali (independent member) has tendered his resignation to the Board of Directors on 01/02/2016 (22/04/1437) due to health reasons and the Board has accepted the resignation during its meeting on 04/02/2016 (25/04/1437) with effect from 04/02/2016.

The Board takes this opportunity to express its appreciation and gratitude to Dr. Waleed Al-Juffali for his efforts during his directorship terms and during his previous tenures as Chairman of the Board and Managing director.

Saudi Cement Company also announces that its Board of Directors has resolved during its meeting on 04/02/2016 (25/04/1437) based on the recommendation of the Nomination and Remunerations Committee to appoint Ms. Halla Waleed Al-Juffali as a member of the Board of Directors (independent director) to fill the vacant position for the remainder of the current Board term. The Board appointment is subject to the ratification of the shareholders general assembly during its first meeting.

Ms. Halla holds a Bachelor of Business administration degree, majoring International Business, from the International University of America in London, U.K. She has business management experiences through her roles as director of Ebrahim Al-Juffali and Brothers and director of Walid Juaffali & Partners businesses in USA, Europe, Middle East, Far East, and China. Ms. Halla serves as a Board member for several companies including, Asia China Trading and Investments Pte .Ltd in Singapore, Energy and Infrastructure Company Ltd in , Saudi Arabia, and Hitachi T&D Saudi Arabia Ltd. Ms. Halla has previously worked as a business analyst for British, European and Chinese investment markets.

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