The Saudi Industrial Development Company (SIDC) announces the appointment of the Chairman of the Board of Directors, Vice Chairman, Managing Director, and the Remuneration and Nomination Committee.
| Element List | Explanation |
|---|---|
| Announcement Detail | Reference to the results of the Ordinary General Assembly meeting of the Saudi Industrial Development Company (SIDC), held on 07/12/1445 AH, corresponding to 13/06/2024 AD, during which the company's board members for the new term were elected, starting from 01/01/2025 AD for a period of three years ending on 31/12/2027 AD. The company announces the decisions of the board of directors in its meeting held on Wednesday, 01/07/1446 AH, corresponding to 01/01/2025 AD, as follows:
First: Appointment of Mr. Abdulelah bin Mohamed bin Abdulrhaman AlAsaker (Non-Executive Member) as Chairman of the Board of Directors. Second: Appointment of Engineer Bandar bin Abdullah bin Ibrahim Al-Homaidhi (Executive Member) as Vice Chairman of the Board of Directors and Managing Director, with the responsibility of the Chief Executive Officer, CEO. Third: Formation of the Remuneration and Nomination Committee according to the approved duties and authorities. Fourth: Appointment of the Board Secretary and representatives of the company with the Capital Market Authority, Saudi Stock Exchange Group, and the Securities Depository Center Company (Edaa) for all purposes related to the implementation of the Capital Market Law and its executive regulations. |
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