| Element List | Explanation |
|---|---|
| Announcement Detail | Reference to the Ordinary General Assembly meeting of Arabian Centres Co. (“ACC” or “the Company”) held on 16 June 2022, the results of which were published on Saudi Exchange website on 19 June 2022 including the election of the members of the Board of Directors of the Company for its new term beginning on 19 June 2022 for a period of three Gregorian years ending on 18 June 2025, ACC announces the decision of its Board of Directors on 22 June 2022 to appoint the BoD’s Chairman, Vice-Chairman, and Managing Director as follows: |
1) Mr. Fawaz bin Abdulaziz Al-Hokair (Non-Executive Member) as the BoD Chairman.
2) Eng. Salman bin Abdulaziz Al-Hokair (Non-Executive Member) as the BoD Vice-Chairman.
3) Mr. Mohamad Rafic Mourad (Executive Member) as the Managing Director.
The Board of Directors decision also included the formation of the Nomination and Remuneration Committee in accordance with the approved duties and responsibilities, and the appointment of the Board of Directors Secretary and Representatives of the Company in front of the Capital Market Authority and the Saudi Tadawul Group and its subsidiaries.
It's worth mentioning that the Audit Committee was formed during the above mentioned OGA meeting from the following members (noting that the committee has appointed its chairman and secretary during its meeting on 22 June 2022):
1) Fahad Ibrahim Al-Khorayef (Independent “from outside the Board”) as the committee chairman.
2) Turki Saud Al-Dayel (Independent BoD member) as a member.
3) Wissam Zouhair Mekahal (Independent “from outside the Board”) as a member.
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