Saudi AZM Announces Restructuring of Audit Committee

Saudi AZM for Communications and Information Technology Co. announced on Sunday the restructuring of its Audit Committee following the Board of Directors’ decision dated April 18, 2024. The restructuring comes as the term of the current Audit Committee approaches its end. The new term begins immediately and will extend until June 21, 2026, coinciding with the end of the current Board’s term.

Committee Composition Before Restructuring:

Abdulrahman Ibrahim Alhadlaq (Chairman)

Yazid Ibrahim Alabdul Karim (Member)

Muhammad Amin Merah (Member)

Committee Composition After Reconstitution:

Abdulrahman Ibrahim Aladlaq (Chairman)

Omar Fahad Alsunidi (Member)

Muhammad Amin Merah (Member)

Biographies:

Abdulrahman Ibrahim Alhadlaq holds significant positions including CEO of Asas Makin Real Estate Development and Investment Company, Chairman of Code Real Estate Company, and member on several boards including Hayat Cleaning and Nasaj Companies. He holds a Bachelor’s degree in Accounting and an MBA.

Omar Fahad Alsunidi, the new member, brings extensive experience in governance and finance. He is currently the Director of Legal and Governance at the Committee Affairs and has held the role of Director of Corporate Governance at the Capital Market Authority. He holds a Master’s degree in Finance, a Bachelor’s degree in Accounting, and another in Law, along with several professional certifications.

Muhammad Amin Merah continues as a member. He is the CEO of Mine Business Development Company and holds various board and committee memberships. His past roles include Director at Aramis Consulting and Chartered Accountant at PricewaterhouseCoopers and Deloitte. He holds a Bachelor’s degree in Accounting