Riyadh — Mubasher: AFG International Company (Cenomi Retail) announced that its board of directors has issued several resolutions following the election of the board during the Extraordinary General Assembly (EGM) held on 30 June 2026.

The board has appointed Hussein Ali Shobokshi, an independent member, as Chairman of the Board, according to a bourse disclosure.

Ahmed Waseem Al Arabi, a non-executive member, has been appointed as Vice Chairman for a term of four years.

Cenomi Retail also confirmed the formation of its specialized board committees.

The Audit Committee will include Hamad Hamdan Al Sarie, Russell Michael Rodrigues, and Ismail Hassan Al Khatib.

The Nomination and Remuneration Committee was established with five members, including independent and non-executive directors alongside external members.

Furthermore, the board approved the formation of the Executive Committee and a Transformation Committee to oversee strategic shifts.

The board also appointed a Board Secretary and designated representatives to act on behalf of the company before the Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul).

These appointments and committee structures became effective on 12 August 2026, aligning with the start of the new board cycle.

It is worth noting that Cenomi Retail lately unveiled its income statements for the first half (H1) of 2026.