Fitaihi Announces the Appointment of the Chairman, Vice-Chairman, and the Formation of the Board Committees
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| Announcement Detail | Reference to the results of the Group’s Ordinary General Assembly Meeting held on March 15, 2022, which included the election of members of the Board of Directors from among the candidates for its new term of three Gregorian years, starting on April 22, 2022, and ending on April 21, 2025. The new Board of Directors of Fitaihi Holding Group is pleased to announce the resolutions taken during its first meeting for the year 2022, held on 26-04-2022, related to the restructuring of the Board of Directors and its Committees during the new term, which begins on April 22, 2022, for three years, as follows: First: Appoint SHK. Ahmed Hassan Ahmed Fitaihi (Non-Executive) as Chairman of the Board of Directors. Second: Appoint Dr. Ibrahim Hassan Mohammed Al-Madhoun (Non-Executive) as Vice-Chairman of the Board of Directors. Third: Form the Nominations and Remunerations Committee as follows: – Dr. Suhail Hassan Abdulmalik Qadi (Independent) – Chairman of the Committee – Dr. Ibrahim Hassan Mohammed Al-Madhoun (Non-Executive) – Member – Mrs. Bayan Adel Mohammed Fakieh (Non-Executive) – Member Fourth: Form the Investment Committee as follows: – SHK. Ahmed H. Ahmed Fitaihi – (Non-Executive) – Chairman of the Committee – Dr. Ibrahim Hassan Mohammed Al-Madhoun (Non-Executive) – Member – Mr. Omar Riyadh Mohammed Al-Humaidan (Non-Executive) – Member Fifth: Form the Risk Management Committee as follows: – Dr. Ibrahim Hassan Mohammed Al-Madhoun (Non-Executive) – Chairman of the Committee – Dr. Adnan Abdulfattah Mohammed Soufi (Independent) – Member – Dr. Suhail Hassan Abdulmalik Qadi (Independent) – Member Sixth: Appoint the Vice-Chairman Dr. Ibrahim Hassan Al-Madhoun, and the Chief Executive Officer Mr. Yasser Yehia Abdulhamid as the Company’s representatives to the Capital Market Authority, and the Saudi Tadawul Group for all purposes related to the application of the Capital Market Law and implementing regulations, as well as appoint the Secretary of the Board of Directors and Committees, Mr. Reda Ibrahim Toubar. Noting that during the Ordinary General Assembly Meeting held on April 21, 2022, the formation of the Audit Committee, the definition of its duties, work regulations, and remuneration of its members for the new term starting from April 22, 2022, for three Gregorian years ending on April 21, 2025, have been approved. The Audit Committee members are as follows: – Dr. Adnan Abdulfattah Mohammed Soufi (Independent) – Chairman of the Committee – Dr. Ibrahim Hassan Mohammed Al-Madhoun (Non-Executive) – Member – Dr. Ibrahim Mohammed Omar Badawood (Independent) – Member |
