Fawaz Alhokair elects new board of directors for 3 years

Fawaz Abdulaziz Alhokair Co.’s shareholders approved the election of new board members for the three-year term starting Aug. 12, 2020, and ending on Aug. 11, 2023, the company said in a statement to Tadawul.

The board members are Fawaz Abdulaziz Alhokair, Abdulmajeed Abdulaziz Alhokair, Omar Abdulaziz Almohammadi, Khalid Walid Alshakhsheer, Abdulmajeed Abdullah Albasri, Mansour Abdulwahhab Alqadi, Basem Abdullah Alsallom, and Ahmad Saleh Alsultan.

Shareholders also approved the formation of the audit committee, its tasks, work controls and remunerations for its members for the next term starting from Aug. 12, 2020.

Eid Faleh Alshamri, Dr. Sulaiman Abdullah Alsakran, and Saad Ibrahim Almushawwah were elected as the audit committee members.

Meanwhile, shareholders approved the board decision to appoint Eid Faleh Alshamri as an independent member of the board of directors, starting from the date of his appointment on Oct. 23, 2019, to complete the session until the end of the current one on June 30, 2020, succeeding Abdulrahman Rashid Alrashid.