Yanbu Cement names Fahd Al-Rajhi as chairman

Yanbu Cement Co.'s board of directors approved on July 01, 2020 the election of Fahd bin Sulaiman Al-Rajhi as the company’s chairman (non-executive), Mohammed bin Abdullah Al Khrigy as deputy chairman (independent), and Sharif bin Abdul Karim Al-Itani as board secretary, it said in a bourse statement today.

Moreover, the board announced the formation of both the nomination and remuneration committee and the executive committee, in addition to the appointment of their chairmen.

The nomination and remuneration committee:

- Mohammed bin Abdullah Al Khrigy, as committee’s chairman.

- Ibrahim bin Hamad Al-Rashed, as committee’s member (independent).

- Turki bin Musaed Al Mobarak, as committee’s member (independent).

The executive committee:

- Ali bin Abdullah Al-Ayed, as committee’s chairman (Independent).

- Riyad bin Abdul Rahman Aba Al-Khail, as committee’s member (independent).

- Basil Bin Moneea Al-Fraihi, as committee’s member (non-executive).

- Ahmed bin Abdo Zugail, as committee’s member (executive).

- Salah bin Abdul Rahman Al-Hazami, as committee’s member (independent).

Early in July, shareholders of the Saudi-based firm elected a new board of directors for the three-year term ending on June 29, 2023, during their ordinary general meeting (OGM), according to data compiled by Argaam.