Al Abdullatif reappoints Suleiman Al Abdullatif as Chairman, Majed Al Osailan as Vice Chairman

Al Abdullatif Industrial Investment Co.’s building

Al Abdullatif Industrial Investment Co.'s board of directors approved to reappoint Suleiman Al Abdullatif (non-executive) as Chairman and Majed Al Osailan (non-executive) as Vice Chairman for the three-year term, starting today, Jan. 23, 2022, according to a bourse statement.

The board also formed the remuneration and nomination committee, to include Hisham Al-Askar, Suleiman Al-Abdul-Latif, and Samir Haddad.

Meanwhile, the board formed the executive committee from the members, including Abdul Latif Al Abdul Latif, Fahd Al-Abdullatif and Samir Haddad.

The audit committee was formed with Majed Al Osailan, Saleh Al Sheikh, Abdulaziz Al Suwaidan, and Mohammed Al Soraya as the members.

The risk management committee was formed with the following members: Hisham Al Asoraya, Mohamed Al Soraya, Majed Al Osailan and Saad Al Qarni.

In addition, Managing Director Abdullatif Al-Abdullatif and Board Secretary Saad Al Qarni were appointed as representatives of the company at the Capital Market Authority (CMA) and the Saudi Stock Exchange Co. (Tadawul) for all purposes related to the application of the Capital Market Law and its Executive Regulations.