Al Naqool reappoints Majed Al-Naqool as Chairman, Mohammed Al-Mutairi as Vice

Logo of Mohammed Hasan Al Naqool Sons Co.

Mohammed Hasan Al Naqool Sons Co. said its board reappointed non-executive member Majed Al-Naqool as Chairman and independent member Mohammed Al-Mutairi as Vice Chairman on Dec. 15.

The board also approved the appointment of executive member Turki Al-Naqool as Managing Director, according to a statement to Tadawul.

In addition, Al Naqool’s board formed a remuneration and nomination committee, chaired by Hatem Ali Al-Shallali, with Abdullah Al-Subaie and Majed Al-Naqool serving as members.

It also formed the risk management committee, chaired by Mohammed Al-Mutairi, with Mubarak Al-Subaie and Majed Al-Naqool as members.

The board appointed its secretary, and company representatives were designated before the Capital Market Authority (CMA) and Tadawul for all matters related to the implementation of the Capital Market Law and its implementing regulations.

In a separate statement to Tadawul, the company said the audit committee was formed for the new four-year board term, which began on Dec. 15, and will run until Dec. 14, 2029.

The audit committee was composed of independent board member Hatem Al-Shallali as Chairman, as well as external members Khaled Fayyad and Mubarak Al-Subaie as members.