Abdullah A. M. Al-Khodari Sons Co.’s board of directors on Jan. 8 accepted the resignation of board member Samer Mahmoud Abdullah, effective Jan. 9.
Abdullah, who stepped down for personal reasons, will remain a member of the remuneration and nominations committee, the firm said in a statement to Tadawul.
Meanwhile, the board approved appointing Aziz Mohammed Mubarak Al-Qahtani as an independent board member, effective Jan. 9, in place of Abdullah. His appointment is pending extraordinary general assembly’s approval.
Al-Qahtani, who has more than 20 years of experience in the financial and accounting fields, currently serves as member of the audit committee, the statement said.
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