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Saudi Industrial Development Co. — Board/Management Information 2021
Dec 12, 2021
53302_rns_2021-12-12_8b1b77fa-86d5-445a-b4bb-c38ad0a2f397.html
Board/Management Information
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Saudi Industrial Development Company (SIDC) Announces the Resignation of an Audit Committee Member
2130 · 12/12/2021 08:04:11 · Announcement #65910 · View on Saudi Exchange
Saudi Industrial Development Company (SIDC) Announces the Resignation of an Audit Committee Member
| Element List | Explanation |
|---|---|
| Introduction | Saudi Industrial Development Company (SIDC) announces the resignation of Mr. Ibrahim Bin Abdulaziz Bin Ibrahim Al Rashid (Member from outside the Board of Directors) from the Audit Committee membership for the current term which started on 01/01/2019G and the next term which will start on 01/01/2022G due to his business commitments, which was submitted on 05/12/1443H. corresponding to 09/12/2021G. The resignation shall be effective as of 11/05/1443H. corresponding to 15/12/2021G. |
In this regard, the Board thanked and expressed its sincere appreciation to Mr. Ibrahim Bin Abdulaziz Bin Ibrahim Al Rashid for his considerable contributions, efforts, and cooperation through his participation in the Audit Committee activities, wishing him all the success in his future endeavors.
It is worth mentioning that the Audit Committee membership for current term and next term consists of four members, after the resignation of Mr. Ibrahim Bin Abdulaziz Bin Ibrahim Al Rashid, which is in line with the relevant laws, regulations, and Committee’s Charter that determined the membership to comprise of 3 to 5 members.
| Element List | Explanation |
|---|---|
| Name of Resigning Member | Mr. Ibrahim Bin Abdulaziz Bin Ibrahim Al Rashid |
| Resignation Submission Date | 2021-12-09 Corresponding to 1443-05-05 |
| Resignation Effective Date | 2021-12-15 Corresponding to 1443-05-11 |
| Reasons for Resignation | Business Commitments |
| Resigning Member Start Date | 2019-01-01 Corresponding to 1440-04-25 |
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