‎“MEPCO”: Chairman of Audit Committee resignes

The Middle East Paper Company announced that its Board of Directors has approved the resignation of Audit Committee Chairman, Nader Muhammad Salih Jamil Ashour, “a member from outside the Board”, for personal reasons, provided that the resignation takes effect as of April 02, 2023.

The Council also approved the appointment of Fahd Muhammad Salih Muhammad Al-Fawaz as a “member from outside the Council” in the committee, as of April 03, 2023, provided that this appointment is presented to the first meeting of the General Assembly for approval.

Al-Fawwaz has a long and varied practical experience during which he held a number of leadership positions as Managing Director, CEO, and General Manager in a number of joint stock companies and others, such as SABIC (Sharq), the Fiberglass Oasis Factory Company, the Hotels Company, Rahala Company, the Consolidated Purchase Company, the Granada Investment Center, and in The banking field with the Saudi Industrial Development Fund (SIDF) and as a founding partner of an industrial project for the manufacture of fiberglass. He is also a businessman and a member of a number of boards of directors and audit committees of several joint stock companies.