Saudi Electricity Co.’s (SEC) board of directors has elected Khaled Al Sultan as board chairman, the company said in a bourse statement on Wednesday.
The board has also formed its committees and named their members.
Al Sultan also serves as a representative of the Public Investment Fund (PIF) on SEC’s board.
Last September, the utility provider registered the government’s stake in its capital in the Public Investment Fund’s (PIF) portfolio at the Securities Depository Center Company (Edaa), Argaam reported earlier.
The Saudi government owns 3,096,175,320 shares in SEC, representing 74.31 percent of capital.
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