Retailing and Operation Division

Saudi Automotive Services Company (SASCO) announces appointment of the Chairman, Vice-Chairman, Managing Director, formation of the Board’s committees and company representatives for the thirteenth session

30 June 2021
Retailing and Operation Division

 

ELEMENT LIST

EXPLANATION

Announcement Detail

Saudi Automotive Services Co. (SASCO) announces that the Board of Directors for the thirteenth session that begins on 30 June 2021 (for a period of three years) which elected by the thirty-eighth Ordinary General Assembly that was held on Wednesday 16 June 2021, has decided on 30 June 2021 the follows:

I. Appointment of Mr. Ibrahim Mohammad Alhudaithi (Non-Executive Member) as Chairman of the Board of Directors.

II. Appointment of Mr. Sultan Mohammad 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.

Remuneration and Nomination Committee:

1. Mr. / Ali Mohammed Aba alkhail (Independent Member) as Chairman of committee.

2. Mr. / Majed Mohammed Alothman (Non-Executive Member) as member of committee.

3. Mr. / Suleiman Abdulaziz azzibin (Independent Member) as member of committee.

IV. Appointing the company's representatives to Capital Market Authority and Saudi Exchange Group.

Noting that the thirty-eighth Ordinary General Assembly held on 16 June 2021, agreed to form the Audit Committee, define its tasks, rules of work, and remuneration for its members for the thirteenth session, which begins on 30 June 2021 and ends on 29 June 2024.