Saudi Ceramic appoints new audit committee member

Saudi Ceramic Co.’s board of directors accepted the resignation of Sami bin Ibrahim Alissa (a non-executive board member) from the audit committee, to meet the requirements of the governance regulations that stipulate the participation of an independent board member in the audit committee.

Meanwhile, Abdulaziz bin Abdulkareem Al-Khuraiji (an independent board member) was appointed as an audit committee member, until the end of the current term ending on March 31, 2022, the company said in a bourse filing today, Feb. 4, 2021.

Al-Khuraiji is currently the executive director of Al-Khuraiji Investment Co. and a member of Saudi Ceramic’s board of directors and Chubb Arabia Cooperative Insurance Co.

The board approval may not be deemed final, and will be subject to the approval of the company’s general assembly meeting.