News & Announcements

SASCO

24 June, 2024 09:12

Saudi Automotive Services Company (SASCO) announces the appointment of Chairman, Vice Chairman, Managing Director, formation of committees, and appointment of company representatives

Element List	Explanation
Announcement Detail	Saudi Automotive Services Company (SASCO) announce that the Board of Directors elected by Extraordinary General Assembly held on Sunday Jun 09, 2024, for the new term starting on Jun 30, 2024, and ending on Jun 29, 2028, has decided on Jun 23, 2024 the follows: I. Appointment of Mr. Ibrahim Mohammed Alhudaithi (Non-Executive Member) as Chairman of the Board of Directors. II. Appointment of Mr. Sultan Mohammed Alhudaithi (Executive Member) as Vice Chairman and Managing Director. III. Forming the committees of the Board as follows: Executive Committee: 1. Mr. /Ibrahim Mohammad Alhudaithi (Non-Executive Member) as Chairman of committee. 2. Mr. /Sultan Mohammad Alhudaithi (Executive Member) as member of committee. 3. Mr. /Riyadh Saleh Almalik (Executive Member) as member of committee. Audit Committee: 1. Mr. /Majed Nasser Alsubeaei (Independent Member) as Chairman of committee. 2. Mr. /Abdullah Saghaier Alhussaini Member (non-board). 3. Mr. /Ali Mohammed Alhudaithi Member (non-board). Remuneration and Nomination Committee: 1. Mr. /Faisal Abdullah Aljudaie. (Independent Member) as member of committee. 2. Mr. /Majed Mohammed Alothman (Non-Executive Member) as member of committee. 3. Mr. /Yousef Hamad Alyousefi (Independent Member) as member of committee. (Chairman will be determined at the first meeting of the committee) IV. Appointing company representatives for all matters related to the implementation of the rules and regulations at Capital Market Authority (CMA), Saudi Tadawul group (Tadawul), and the Securities Depository Center Co. (Edaa).

Element List

Explanation

Announcement Detail

Saudi Automotive Services Company (SASCO) announce that the Board of Directors elected by Extraordinary General Assembly held on Sunday Jun 09, 2024, for the new term starting on Jun 30, 2024, and ending on Jun 29, 2028, has decided on Jun 23, 2024 the follows: I. Appointment of Mr. Ibrahim Mohammed Alhudaithi (Non-Executive Member) as Chairman of the Board of Directors. II. Appointment of Mr. Sultan Mohammed Alhudaithi (Executive Member) as Vice Chairman and Managing Director. III. Forming the committees of the Board as follows: Executive Committee: 1. Mr. /Ibrahim Mohammad Alhudaithi (Non-Executive Member) as Chairman of committee. 2. Mr. /Sultan Mohammad Alhudaithi (Executive Member) as member of committee. 3. Mr. /Riyadh Saleh Almalik (Executive Member) as member of committee. Audit Committee: 1. Mr. /Majed Nasser Alsubeaei (Independent Member) as Chairman of committee. 2. Mr. /Abdullah Saghaier Alhussaini Member (non-board). 3. Mr. /Ali Mohammed Alhudaithi Member (non-board). Remuneration and Nomination Committee: 1. Mr. /Faisal Abdullah Aljudaie. (Independent Member) as member of committee. 2. Mr. /Majed Mohammed Alothman (Non-Executive Member) as member of committee. 3. Mr. /Yousef Hamad Alyousefi (Independent Member) as member of committee. (Chairman will be determined at the first meeting of the committee) IV. Appointing company representatives for all matters related to the implementation of the rules and regulations at Capital Market Authority (CMA), Saudi Tadawul group (Tadawul), and the Securities Depository Center Co. (Edaa).

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