Bawan names Fozan Al-Fozan Chairman, Raed Al Mudaiheem Deputy

Logo of Bawan Co.

Bawan Co.'s board of directors decided on Sept. 30 to appoint Fozan Al-Fozan as Chairman and Raed Al Mudaiheem as Vice Chairman, according to a Tadawul statement.

Abdulhadi Zafar was also appointed secretary of the board.

Meanwhile, the board formed the nomination and remuneration committee, chaired by Khalid Al-Gwaiz, with Fozan Al-Fozan and Mohammed Al-Ageel as members.

The executive committee was also formed from Fozan Al-Fozan as Chairman, and Raed Al Mudaiheem and Adel Merheb as members.

The sustainability committee, chaired by Abdulkarim Al-Nafie, included the following members: Fozan Al-Fozan, Ziyad Al-Barak, and Abdulhadi Zafar.

The committees will begin their duties on Sept. 30 and continue until the end of the current board term.

The formation of the audit committee will be announced in a separate statement.

In September, shareholders approved electing board members for the next four-year term starting Sept. 26, 2025, according to Argaam data.