Al Hammadi appoints new board member

Al Hammadi Company for Development and Investment’s board of directors has appointed Aziz Al-Qahtani as an independent board member and member of the audit committee, effective from Feb. 1, 2018 until the end of the current term, the company said in a bourse statement.

The decision came after board and audit committee member Abdulaziz Al-Rebdi resigned on Jan. 31 for personal reasons.

Al-Qahtani’s appointment is pending approval from the general assembly, the statement added.