Saudi Cable GA approves appointing audit committee members

Saudi Cable Company announces the results of the Ordinary General Assembly Meeting (2nd Meeting) for the failing of the quorum in the first meeting and consequently, second meeting was held after one hour of the first meeting, which was held at the Company Head Office in Jeddah, through the means of modern technology using Tadawulaty website, at 7:30pm, on Wednesday, 23/11/1443H corresponding to 22/6/2022 headed by the Chairman of the Board, Mr. Abdulrahman I. Alkhayal, after valid quorum attended by (7.74%).

Voting Results on the Items of the General Assembly’s Meeting Agenda’s:

1. Approval of the appointment of Mr. Ghaith R. Fayez as a member of the audit committee (member from outside the Board) from the date of the General Assembly until the end of the current Committee’s term on 13/01/2024, in place of the previous committee member, Mr. Basem T. Hijaz (member from outside the Board).
2. Approval of the appointment of Mr. Omar H. Bahatheq as a member of the audit committee (member from outside the Board) from the date of the General Assembly until the end of the current Committee’s term on 13/01/2024, in place of the previous committee member, Mr. Mazen K. Zayer (member from outside the Board).
3. Approval of the Board’s decision to appoint Mr. Khaled M. Bawazeer as an (Independent) member of the Board from his appointment date on 22/05/2022, to complete the term of the Board until the end of the current term on 13/01/2024, succeeding the former member, Mr. Mahmoud M. Abdulghafar (Independent).