Yamama Cement appoints HH Prince Naif Al Kabir as BOD Chairman and Abdullah Al Obeikan as Vice-Chairman

Yamama Cement Company has made significant announcements regarding its Board of Directors, with Prince Naif bin Sultan bin Mohammed bin Saud Al Kabir being appointed as Chairman of the Board of Directors (non-executive member). Additionally, Eng. Abdullah bin Abdulrahman Al Obeikan has been appointed as Vice Chairman. Moreover, Mr. Mohammed bin Ibrahim Al Qdhibi has been selected as the Secretary of the Board of Directors.

In the Board’s meeting held on April 1, 2024, several decisions were made. Representatives of the company were appointed to the Capital Market Authority, Tadawul, and the Securities Depository Centre for all matters related to the application of the Capital Market Law and its executive regulations. Furthermore, the Board formed committees as follows:

1. Compensation and Nomination Committee as follows:

• Prince Sultan bin Khalid bin Mohammed bin Saud Al Kabir – Chairman (independent).
• Prince Naif bin Sultan bin Mohammed bin Saud Al Kabir – Member (non-executive).
• Abdullah bin Abdulrahman Al Obeikan – Member (non-executive).
• Faisal bin Sulaiman Al Rajhi – Member (non-executive).

1. Audit Committee as follows:

• Raed bin Ali Al Saif – Chairman (external member).
• Sultan bin Saleh Al Salem – Member (non-executive).
• Faraj bin Saad Al Qabbani – Member (independent).
• Latifi Shahada – Member (external member).