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| Announcement Detail | As per the new Company Law and Almarai’s Corporate Governance Rules, Almarai Company is pleased to announce to its shareholders that the Board of Directors, during its meeting held on Monday 1st October 2018, has opted for the establishment of a Risk Committee to strengthen its governance. |
Mr. Bader bin Abdullah Al ISSA, Non-Executive member of the Board of Directors, has been appointed, Chairman of the Risk Committee. He will be assisted in his task by Mrs. Vanessa Eastham FISK and Mr. Jason DAY. The Committee will be composed of accomplished and experienced professionals with broad business experiences across multiple geographies and different cultures.
The Committee will be well equipped to fulfill its mission of understanding and monitoring risk.
The Designation of the Risk Committee is effective from the date of the resolution 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.