27 Dec Zahrat Al-Waha Trading Company announced the appointment of the Chairman and Vice Chairman of the Board of Directors, committees created, the appointment of the company’s representatives to the Capital Market Authority, Saudi Stock Exchange, and the appointment of a Secretary to the Board of Directors
Reference to the company Ordinary General Assembly meeting held on Sunday 03-11-2021 corresponding to 03-04-1443, in which the new Board of Directors for the new office term started on 26-12-2021 were elected for a period of three years ending on 25-12-2024,
Zahrat Al-Waha Trading Company announces that its new Board decided the following at 26-12-2021:
First: The appointment of Mr. Ahmed Hammoud Ibrahim Altheyab – as Chairman of the Board (Non-executive).
Second: The appointment of Mr. Taha Mohammed Abdul Wahid Azhari – as Vice Chairman of the Board (Independent).
Third: Created the Nominations and Remunerations Committee included from the following members:
- Taha Mohammed Abdul Wahid Azhari (Independent – Board Member) as Chairman of the Committee.
- Turky Naser Ahmed Alshaher (Independent – external of the Board) as Member.
- Mahmoud Mohamed Zaky Al Ghamry (Executive – external of the Board) as Member.
Fourth: As per the results of the Ordinary General Assembly meeting that was convened on 03-11-2021, the shareholders have approved the appointment of Audit Committee Members; and the Board has approved during its meeting the appointment of Mr. Taha Mohammed Abdul Wahid Azhari (Independent) as the Chairman of the Audit Committee.
Fifth: The appointment of the Board Secretary and Company’s representatives at Capital Market Authority and Saudi Stock Exchange (Tadawul) in relation to the implementation of all related rules and regulations and the appointment of a Secretary to the Board of Directors.