Riyadh Cement shareholders to form audit committee on Aug. 29

Logo of Riyadh Cement Co.

Riyadh Cement Co.’s shareholders will vote on forming the audit committee, as well as setting its duties, operating controls and remuneration, during an ordinary general assembly meeting (OGM) slated for Aug. 29, according to a bourse filing.

The audit committee’s three-year term will begin on Aug. 29, 2022.

Potential candidates are Abdullah Al Fawwaz (independent member), Mohammed Al Shaee (non-board member) and Abdullah Al Husainin (non-board member). 

Shareholders will participate and vote on the meeting agenda items through Tadawulaty system as of Aug. 27.