Riyadh Cement reappoints Chairman, Vice Chairman

Riyadh Cement bag

Riyadh Cement Co.’s board of directors approved on June 15 the reappointment of Salah Al-Rashed, non-executive member, as Chairman.

Khaled Al Molhem, non-executive member, was also reappointed as the company’s Vice Chairman, the company said in a bourse filling.

The board also approved the formation of the nominations and remuneration committee. It also submitted a recommendation on the audit committee nominees to the upcoming ordinary general meeting (OGM).

A board secretary and representatives to the Capital Market Authority (CMA) and Saudi Exchange (Tadawul) were also named for all purposes related to compliance with the Capital Market Law and its executive regulations.