Electrical Industries shareholders elect new board

Shareholders of Electrical Industries Co. (EIC) approved electing a new board of directors for the next three-year term, starting Sept. 10, 2021, during the ordinary general meeting (OGM) held on Sept. 7, the company said in a bourse statement.

Yousef Ali AlQuraishi, Mahmoud Mohamed Al-Toukhi, Faisal Saleh Al-Quraishi and Fahad Saad Al-Tuwaijri were elected as non-executive members. Bader Ibrahim Al-Swailem, Jameel Abdullah Al-Molhem and Sattam Abdulaziz Al-Zamil were elected as independent members, while Tariq Mohamad Al-Tahini was appointed as executive member.

They also approved the audit committee formation for the coming three-year term, starting Sept. 10.

The committee members are Bader Al-Swailem, Sattam Al-Zamil, and Abdulaziz Alshabeebi.