| Element List | Explanation |
|---|---|
| Introduction | Saudi Telecom Company (stc) announces that based on the resolution of its Board of Directors dated 25-7-2024 to delegate the Chairman of the Audit Committee (Mr. Walid I. Shukri) to appoint External Committee Members, in coordination with the Chairman of the Board of Directors. The Chairman of the Audit Committee decided on 26-8-2024 to appoint the External Members of the Audit Committee, until the end of the current term of the committee, which ends on 24-7-2028, as follows: |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Abdulaziz M. AlShushan |
| Membership Start Date | 2024-08-26 Corresponding to 1446-02-22 |
| Brief Resume of the Appointed Member | He holds an Executive Master’s Degree and has an extensive experience for more than 23 years in the internal audit and information governance and security. He worked in several sectors, such as oil and gas, energy, banking, and telecommunications, during which he held several leadership positions. He was the Head of Internal Audits in several listed companies and banks, the General Manager of investments and operations Audit at stc, and the Vice President of Information Technology and Communications Audit at Etihad Etisalat Company (Mobily). He also held memberships and chaired audit committees in multiple public/private companies and charitable institutions. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Eng. Yaser A. Allaf |
| Membership Start Date | 2024-08-26 Corresponding to 1446-02-22 |
| Brief Resume of the Appointed Member | He holds an MBA and has an extensive experience in risk management, governance, internal audit, and compliance. He held key leadership roles as Chief Governance, Risk, and Control Officer, Executive VP of Treasury and Market Risk, and Head of Risk Management in several leading financial services institutions. He is also a Member of Board of Directors, the Audit, Risk and Credit Committees of multiple public/private companies and Government entities. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2024-07-25 Corresponding to 1446-01-19 |
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