Saudi Cement Co. — Board/Management Information 2021

Jul 1, 2021

Saudi Cement Co. Announces Resignation and Appointment of a Board Member

3030 · 01/07/2021 08:02:41 · Announcement #63984 · View on Saudi Exchange

Saudi Cement Co. Announces Resignation and Appointment of a Board Member

Element List

Explanation

Introduction

Saudi Cement Company announces the Board of Directors’ resolution to approve the recommendation of the Nominations & Remunerations Committee to accept the resignation of the board member, Dr. Mohammad Sulaiman Balghonaim, and to appoint Mr. Mansour Mohammed Balghonaim as a member of the board to complete the term of his predecessor for the remainder of the current Board term which ends on 31-Dec-2021.

The Board of Directors extends its appreciation and gratitude to Dr. Mohammad Balghonaim for his efforts during his directorship terms and his previous tenures as Chairman of the Audit Committee and Chairman of the Nominations & Remunerations committee and wishing him continued wellness and happiness

Element List	Explanation
Resigned Member Name	Dr. Mohammad Sulaiman Balghonaim
Membership Type	Non- Executive
Resignation Submission Date	2021-06-28 Corresponding to 1442-11-18
Resignation Acceptance Date	2021-06-30 Corresponding to 1442-11-20
Resignation Effective Date	2021-06-30 Corresponding to 1442-11-20
Membership Starting Date for the Resigned Member	2019-01-01 Corresponding to 1440-04-25
Reasons of Resignation	Personal reasons

Element List	Explanation
Appointed Member Name	Mr. Mansour Mohammed Balghonaim
Membership Type	Independent
Membership Start Date	2021-06-30 Corresponding to 1442-11-20
Brief Resume of the Appointed Member	Mr. Mansour Blaghonaim has about16 years working experience in banking field and currently as Head of Business development Wholesale Banking in Gulf International Bank. Also, he has 4 years’ experience in Power and Telecom field. Mr. Mansour holds bachelor’s degree in finance from King Saud University.

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2021-06-30 Corresponding to 1442-11-20
Board Approval	Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval.

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