Tasnee names Musaab Al Muhaidib as Chairman, Talal Al Maiman as Vice Chair

Logo of National Industrialization Co. (Tasnee)

National Industrialization Co. (Tasnee) said its board of directors appointed independent member Musaab Al Muhaidib as Chairman and non-executive member Talal Ibrahim Al Maiman as Vice Chairman, effective July 6.

The board also approved the formation of board committees in line with approved roles and authorities, and appointed a board secretary, according to a statement to the Saudi Exchange (Tadawul).

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In addition, the board named its representatives to the Capital Market Authority (CMA) and Tadawul for matters related to the implementation of the Capital Market Law and its executive regulations.

In a separate statement, Tasnee said the board approved the formation of the audit committee, effective July 6, for a four-year term ending July 5, 2029.

The committee includes two independent members from outside the board—Sami Al Shenaber, who will serve as Chairman, and Maher Alaiyadhi—along with two independent board members, Moath Al Zamil and Abdulaziz Al Mulhim.