Al Kathiri Holding Co. Announces Resignation and Appointment Audit Committee Member

Element ListExplanation
Introduction Al Kathiri Holding Company announces the decision of the Board of Directors to pass by accepting the resignation of Mr. Mahmoud Hanfy Megely Oquel from the membership of the Audit Committee, and the Board of Directors also approved the appointment of Mr. Saud Mohammed Abdullah Al Shraim to the Audit Committee until the end of the current session of the Board and submitting this to the General Assembly for approval
Element ListExplanation
Name of Resigning Member Mahmoud Hanfy Megely Oquel
Resignation Submission Date 2020-09-19 Corresponding to 1442-02-02
Resignation Effective Date 2020-09-19 Corresponding to 1442-02-02
Reasons for Resignation To meet governance requirements
Resigning Member Start Date 2020-03-13 Corresponding to 1441-07-18
Element ListExplanation
Appointed Member Name Saud Mohammed Abdullah Al Shraim
Membership Start Date 2020-09-19 Corresponding to 1442-02-02
Brief Resume of the Appointed Member Mr. Saud Al Shuraim obtained a general diploma in electricity in 2009.

He has managerial and practical experience as he is

- He chairs the board of directors of the following companies (Lynn Al-Khair Trading Company, Al-Mansa Agricultural Company).

- Chairman of the Nominations and Remuneration Committee, member of the Board of Directors of Al Kathiri Holding Company, and a member of the Nominations and Remuneration Committee of Lynn Al-Khair Trading Company.

- Founder and General Manager of the following companies (Distinguished Food Company, Takadam International Company for Communications and Information Technology, Innovation Consortium Company, Waad Progress for Industry, Massive Company Ltd., United Systems Company).

Element ListExplanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2020-09-19 Corresponding to 1442-02-02
Board Approval Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval
Additional Information The company’s management sincerely thanks and appreciation to Mr. Mahmoud Hanfy Megely Oquel for his contributions to the work of the audit committee during his membership in the committee, and wishes him continued success and repayment. It also wishes Mr. Saud Mohammed Abdullah Al Shraim success in supporting the work of the audit committee.

The Capital Market Authority and the Saudi Stock 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.

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