Saudi Cable appoints 3 new board members following resignations

Logo of Saudi Cable Co. (SCC) 

Saudi Cable Co. (SCC) appointed three new board members, filling vacancies left by recent resignations within the past week.

In a statement to Tadawul, the company said the board of directors appointed Saif Al-Harbi, independent member, to replace Nael Fayez, non-executive member, who resigned on June 24.

For more news on listed companies

Additionally, Muhammad Murad, independent member, was appointed to replace Badran Al-Badran, independent member, who also resigned on the same date. Hamzah Joharji, another independent member, replaced Ziyad Al-Barrak, who stepped down as independent member on June 24.

These appointments are effective from June 27 to fulfill the remaining term of the current board, concluding on April 3, 2027.

The company emphasized that the appointments are subject to ratification at the first general meeting.

According to data available on Argaam, Fayez and Al-Badran resigned due to personal reasons, whereas Al-Barrak cited allegations of board meetings' non-compliance with regulations as the reason for his resignation.

Previously, shareholders had approved the dismissal of both Al-Barrak and Fayez and filed a liability lawsuit against them upon the request of shareholders.