| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2024-12-09 Corresponding to 1446-06-08 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | The Board of Director’s resolution date which was issued on 08-12-2024 with regard to the appointment of the Chairman of the Board, the Vice Chairman, the Managing Director, the formation of the Board Committees, the appointment of the Company’s Representatives and the appointment of the Board’s Secretary. |
| Correct Statement | Electrical Industries Company would like to clarify to its shareholders that the Board of Director’s resolution dated 08-12-2024 referred to above was issued before the start of the Board of Director’s term, which started on 09-12-2024. Accordingly, the company announces that the Board of Directors held its first meeting on Wednesday 11-12-2024 and issued the following resolutions: |
First: The appointment of Mr. Yousef Ali ALQuraishi (Non- Executive) as the Chairman of the Board
Second: The appointment of Eng. Mahmoud Mohammed ALToukhi (Non- Executive) as the Vice Chairman of the Board.
Third: The appointment of Eng. Tariq Mohammed ALTahini (Executive) as the Managing Director.
Fourth: Formation of the Audit Committee from the following:
1-Mr. Sattam Abdulaziz ALZamil (Independent) Chairman
2-Mr. Abdulaziz Saud ALShabeebi (from Outside the board) Member
3-Eng. Khalid Sulaiman ALHarbi (Independent) Member
Fifth: Formation of the Remuneration and Nomination Committee from the following:
1-Mr. Jameel Abdullah ALMolhem (Independent) Chairman
2-Mr. Faisal Saleh ALQuraishi (Non- Executive) Member
3-Mr. Bader Brahim ALSuwailem (Non- Executive) Member
Sixth: The appointment of the Company’s Representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul) for all matters related to the implementation of the Capital Market Law and its executive regulations.
Seventh: The appointment of the Secretary of the Board of Directors.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.