SIIG

26 May, 2024 16:01

The Saudi Industrial Investment Group announces the formation of its Audit Committee.

Element ListExplanation
Introduction Reference to SIIG Extraordinary General Assembly Meeting on 16/05/2024, corresponding to 8/11/1445, in which the Board of Directors of the Company was elected for the new term, beginning 17/5/2024, and ending on 16/5/2028, for a period of 4 years. SIIG announce that the Board of Director (by circulation) has approved the formation of the Audit Committee for the new current term, for a period of four years, as follows:
Element ListExplanation
Appointed Member Name Dr. Saad Saleh Alrwaite (Independent Member)
Membership Start Date 2024-05-17 Corresponding to 1445-11-09
Brief Resume of the Appointed Member Dr. Saad holdsa PhD, degree in accounting. He was the head of the accounting department at King Saud University. He has held positions and memberships on boards of directors and audit committees in multiple companies and government institutions. Currently, He is the Vice Dean of Prince Sultan University for Administrative and Financial Affairs.
The date of the approval by other official authorities Not Applicable
Element ListExplanation
Appointed Member Name Mr. Abdullah Ahmed Alshehri (Independent Member)
Membership Start Date 2024-05-17 Corresponding to 1445-11-09
Brief Resume of the Appointed Member Mr. Abdullah holds aMasters, degree in accounting. He held various positions in administration and finance in SAMBA financial group, and Al Faisaliah Group. He also held different memberships on boards of directors, audit committees and Remuneration and Nomination Committee in many joint stock companies.
The date of the approval by other official authorities Not Applicable
Element ListExplanation
Appointed Member Name Dr. Mohammed Sultan AlSahali (Outside the Board).
Membership Start Date 2024-05-17 Corresponding to 1445-11-09
Brief Resume of the Appointed Member Dr. Mohammed holds a PhD degree in accounting. He was a consultant in Price Water House Coppers, and Team Leader of developing the internal audit policies in King Abdullah institute. He held positions and memberships on boards of directors and audit committees in companies and government institutions. Currently, He is the General Manager of the internal Audit department in Alinma Bank
The date of the approval by other official authorities Not Applicable
Element ListExplanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2024-05-26 Corresponding to 1445-11-18

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