Arabian Cement shareholders elect board directors, form audit committee

Arabian Cement Co.’s shareholders elected a new board of directors for the upcoming three-year term, starting Jan. 1, 2021, during the ordinary general meeting (OGM) held on Dec. 13, the company said in a bourse filing.

Shareholders also approved the formation of an audit committee, while defining its tasks as well as members’ remuneration for the same period.

The company’s criteria of competition were also endorsed during the meeting, the statement added.