Saudi Cable Company announces appointment of the Chairman of the Board of Directors, Vice-Chairman, Board Secretary and Formation of Nomination and Remunerations Committees emanating from the Board of Directors.

Element ListExplanation
Announcement Detail Following the Ordinary General Assembly meeting (46th Meeting) held on Wednesday 29 Jumada Al-Awwal 1442H, corresponding to 13 January 2021, where Company’s Board of Directors has been elected for the new 3-years term, commenced from 14/01/2021 and ending on 13/01/2024.

The Board of Directors has resolved in its first meeting, on Wednesday 20/01/2021 as follow:

1st: Appointing of Mr. Meyassar Anwar Nowailati, Chairman of the Board– (Non-executive).

2nd: Appointing of Mr. Mahmoud Mansour Abdulqafar, Vice-Chairman – (Independent).

3rd: Appointing of Mr. Bassem Abdulrahim Saati (Board Secretary).

4th: Formation of Nomination and Remunerations Committees, as follow:

Mr. Mahmoud Mansour Abdulqafar (Chairman – Independent).

Mr. Ali Mohammed Al Attas (Member – Independent).

Mr. Meyassar Anwar Nowailati (Member – Chairman of the Board– (Non-executive).

Mr. Abdulrahman Ibrahim Al Kayal (Member – Independent).

5th: Appointing Company’s representatives at Capital Market Authority (CMA) and Saudi Stock Exchange (Tadawul) for all purposes related to the application CMA Rules and its implementing regulations.

The Board has pointed out to the formation of Audit Committee and all resolutions related to it will be resolved by the Ordinary General Assembly according to the new companies' law.

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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