Almarai reappoints Naif Al Kabeer as Chairman, Sulaiman Al-Muhaidib Vice Chairman

Almarai Co.’s board of directors reappointed Prince Naif Al Kabeer (non-executive) as Chairman and Sulaiman Al-Muhaidib (non-executive) as Vice Chairman during a meeting held today, Aug. 7.

In a statement to Tadawul, the company also announced the formation of the remuneration and nomination committee, including Ammar AlKhudairy (Chairman), Prince Saud bin Sultan Al Kabeer, Sulaiman Al Rumaih, Fahad Al Zahrani and Salah Al Zamil.

The investment committee has also been formed, comprising Bader Al Issa (Chairman), Prince Naif Al Kabeer, Ammar AlKhudairy, Mohammed Al Mousa and Ali Abuosaleh.

Meanwhile, the board formed the risk management committee, which includes Georges Schorderet (Chairman), Raied Al Saif, Vanessa Fisk and Omar Al Huthlul.

The company appointed a board secretary, along with representatives to the Capital Market Authority (CMA) and the Saudi Exchange (Tadawul).

A new audit committee was formed and will be announced separately in accordance with disclosure requirements.

The board’s decision to form the above committees, including the audit committee, will take effect from Aug. 7, 2025, until Aug. 6, 2029.