Sadr Logistics shareholders elect board for new 3-year term

Sadr Logistics Co.'s shareholders elected board members for the new three-year term, starting Sept. 16, during the ordinary general meeting (OGM) held on Aug. 24, according to a bourse filing.

The members are Mohamed Abdullah Al-Samaani, Bandar bin Mohammed Al-Samaani, Tariq bin Saad Al-Tuwaijri, Khalid bin Suleiman Al-Mudayfer, and Khaled Abdulaziz Al-Bakri. 

Shareholders also ratified amending the policy, standards, and procedures for board membership, as well as the conflict-of-interest policy and governance regulations. 

Furthermore, they endorsed the formation of the audit committee, as well as defining its duties, and operating controls for the same three-year term. 

The committee members are Khalid bin Suleiman Al-Mudayfer and Tariq bin Saad Al-Tuwaijri as independent, and Yazid bin Hussam Al-Hayyaf as a financial member from outside the board. 

The committee will include two independent members, Khalid bin Suleiman Al-Mudayfer and Tariq bin Saad Al-Tuwaijri, as well as a financial member from outside the board, Yazid bin Hussam Al-Hayyaf.