Saudi Cement shareholders to elect board, audit committee members on Nov. 24

Saudi Cement Co.’s shareholders will vote on electing board members for the upcoming three-year term, starting Jan. 1, 2022, and ending Dec. 31, 2024, during an ordinary general assembly meeting (OGM) slated to be held on Nov. 24, according to a bourse filing.

Shareholders will also vote on the formation of the audit committee, defining its duties, charter and the remunerations of its members for the same term.

They will also vote on the board’s recommendation to appoint Mansour Mohammed Balghonaim as (independent) member to complete the board term from the date of his appointment, on June 20, 2021, until the end of the current term on Dec. 31, 2021, to succeed resigning member Mohammad Sulaiman Balghonaim (non-executive).