| Element List | Explanation |
|---|---|
| Announcement Detail | Arabian Internet and Communications Services Company (solutions) announces that the Board of Directors, elected by the Ordinary General Assembly held on 03-12-2025 for the new term starting on 22-12-2025 for four years, ending on 21-12-2029, has decided, in its meeting held on 24-12-2025 the following: |
First: Appointing the Chairman, Vice Chairman, as follows:
1.Mr. Riyadh Saeed Muawad (Non-Executive) as Chairman of the Board of Directors.
2. Mr. Haithem Mohammed Alfaraj (Non-Executive) as Vice Chairman of the Board of Directors.
Second: The Board approved the formation of the Board committees, as follows:
1. The formation of the Executive Committee members as follows:
- Mr. Riyadh Saeed Muawad, Non-Executive (Chairman of the Committee)
- Mr. Haithem Mohammed Alfaraj, Non-Executive (Member)
- Mr. Mohammed Abdullah Alabbadi, Non-Executive (Member)
- Mr. Fahad Adnan Almansour, Independent (Member)
- Mr. Fahad Suliman Abalkhail, Independent (Member)
2. The formation of the Nominations and Remuneration Committee members as follows:
- Mr. Fahad Suliman Abalkhail, Independent (Chairman of the Committee)
- Mr. Mathad Faisal Alajmi, Non-Executive (Member)
- Mr. Mohammed Abdullah Alabbadi, Non-Executive (Member)
- Mr. Ahmad Musfer Alghamdi (External Member)
3. The formation of the Investment Committee members as follows:
- Mr. Riyadh Saeed Muawad, Non-Executive (Chairman of the Committee)
- Mr. Motaz Ali Alangari, Non-Executive (Member)
- Mr. Fahad Adnan Almansour, Independent (Member)
- Mr. Ali Abdullah Alharbi, Non-Executive (Member)
Third: Appointing the Board of Directors Secretary and the representatives of the company in front of the Capital Market Authority, the Saudi Tadawul Group, and the Securities Depository Center Company (Edaa) for all purposes related to applying of the Capital Market Law and its executive regulations.
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.