Southern Cement shareholders approve audit committee formation

Shareholders of Southern Province Cement Co. (SPCC) approved the formation of the audit committee, during the ordinary general assembly meeting (OGM) held on Dec. 19, according to a bourse filing.

They also approved the committee’s duties, work regulations and remuneration of its members for the new three-year term, starting from Jan. 1, 2022, until Dec. 31, 2024.

The committee members are Ahmed Ali Abdul Karim Al-Luhaidan (independent), Mansour bin Abdulaziz Al-Saghir (non-executive), Jaser bin Abdullah Aljaser (independent), and Abdulhameed bin Saleh Al Khalifa and Adeeb bin Muhammad Aba Nami (non-board members).