SAL reappoints Alfawaz as Chairman, Abunayyan as Vice Chair

Logo of SAL Saudi Logistics Services Co.

SAL Saudi Logistics Services Co. said its board reappointed Fawaz Alfawaz as Chairman and Mohammad Abunayyan as Vice Chairman, according to a statement filed on Tadawul.

The board also approved the formation of its committees. The nomination and remuneration committee will be chaired by Hisham Al-Khereiji, with Rasheed Al-Rasheed, Fahad Moussa, and Tareq Al-Amoudi serving as members, including Al-Amoudi as a non-board member.

The board also formed the executive committee, chaired by Mohammad Abunayyan, with Rasheed Al-Rasheed, Fahad Moussa, and Wajdi Ghabbān as members.

In addition, the board appointed company representatives before the Capital Market Authority and Saudi Tadawul Group for all matters related to the Companies Law, its executive regulations, and other relevant rules, including the Rules on the Offer of Securities and Continuing Obligations.

The board also appointed a secretary, the statement said.

In a separate statement, the company said it had formed an audit committee for the new board term starting March 30. The committee is chaired by Zaid Al-Quwaiz and includes Rasheed Al-Rasheed and Fahad Moussa as members, along with Faisal Sabbagh as a non-board member.