| Element List | Explanation |
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| Announcement Detail | In reference to the resolution of the Ordinary General Assembly meeting held on October 31, 2024, in which the members of the Board of Directors were elected for the new term which commenced on November 12, 2024, and continues for a period of four years, ending on November 11, 2028, Methanol Chemicals Company (Chemanol) is pleased to announce that the Board of Directors has resolved in its meeting held on November 14, 2024 to appoint the Chairman and the Vice Chairman, form the Board Committees, appoint company’s representatives to the Capital Market Authority (CMA) and the Saudi Tadawul Group, and appoint the Board’s Secretary, as follows: |
First: Appointing Eng. Faris Mansour Mohammed AL-Rajhi (Independent) as Chairman of the Board of Directors.
Second: Appointing Mr. Yousif Abdullah Abdulaziz Al-Rajh (Independent) as Vice Chairman of the Board of Directors.
Third: The formation of the Executive Committee.
Fourth: Formation of the Audit Committee.
Fifth: The company's representatives to the Capital Market Authority (CMA) and the Saudi Tadawul Group have been appointed for all purposes related to the implementation of the Capital Market Law and its implementing Regulations.
Seventh: Appointing 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.