National Gypsum elects nine to board

National Gypsum Co. announced the results of its Ordinary General Assembly meeting (first meeting), which included the approval to elect members of the Board of Directors from among the nominees for the upcoming term, which will start on May 28, 2025, and last for three Gregorian years, ending on May 27, 2028.

The following members have been elected:

• Mr. Ahmed bin Abdullah Al Thunayan
• Mr. Fahad Thenayan F Al-Thenayan
• Mr. Saud Abdullah F Al-Thenayan
• Mr. Muhammad Saleh A Al-Awwad
• Mr. Saud Ahmed A Al-Thenayan
• Mr. Majid Tarik S Gharbawi
• Mr. Fahad Mohammed B Alhabardi
• Mr. Ahmed Abdullah Abdurrehman Al-Mohsen
• Mr. Mashor Mohammad A Alobikan

The remaining voting results were as follows:

• The board of directors’ report for the financial year ending December 31, 2024, was reviewed and discussed.
• The company’s auditor’s report for the financial year ending December 31, 2024, was approved after discussion.
• The financial statements for the financial year ending December 31, 2024, were reviewed and discussed.
• The discharge of the board members from liability for the financial year ending December 31, 2024, was approved.
• The appointment of Al-Kharashi & Partners – Accountants and Legal Auditors as the external auditor of the company was approved, based on the recommendation of the Audit Committee. The firm will examine, review, and audit the financial statements for the second, third, and fourth quarters, the annual financial statements for the financial year 2025, and the first quarter of the financial year 2026. The fee for these services is set at SAR 390,000, including value-added tax.