NADEC: BOD memberships changes, termination of Investment Committee

The National Agricultural Development Company (NADEC) announced the decision of its board of directors at their meeting held on 12/5/2021.

This comes in reference to the company’s announcement in Tadawul on Monday 12/4/2021 regarding the appointment of the committees of the Board of Directors.

Accordingly, NADEC announced the decision of its board of directors as follows:

First: Re-formation of the Executive Committee:

Members of the Executive Committee before the amendment:

1- Mr. Abdulaziz Saleh Alrebdi –(Non-executive) – Chairman of the Committee.

2- Dr. Solaiman Abdulaziz Altwaijri (Executive)

3- Mr. Amr Abdulaziz Aljallal (Independent)

4- Mr. Steen Flemming Hadsbjerg (CEO)

Members of the Executive Committee after the re-formation:

1- Mr. Abdulaziz Saleh Alrebdi –(Non-executive) – Chairman of the Committee.

2- Dr. Solaiman Abdulaziz Altwaijri (Executive) – Previous member in the committee.

3-Mr. Bader Abdulrahman Alsayari –(Non-executive) – New member in the committee.

4- Mr. Amr Abdulaziz Aljallal (Independent) – Previous member in the committee.

5- Mr. Omar Hamad Almadhi (Independent) – New member in the committee.

This decision is effective as of 1/1/2022

Second: Re-formation of the Remuneration and Nominations Committee:

Members of the Remuneration and Nominations Committee before the amendment:

1-Mr. Amr Abdulaziz Aljallal (Independent) – Chairman of the Committee.

2-Mr. Saleh Hasan Alafaleq. –(Non-executive)

3-Dr. Solaiman Abdulaziz Altwaijri (Executive)

Members of the Remuneration and Nominations Committee after the re-formation:

1-Mr. Amr Abdulaziz Aljallal (Independent) – Chairman of the Committee.

2-Mr. Saleh Hasan Alafaleq. –(Non-executive) – previous member in the committee.

3-Mr. Abdulateef Abdullah Alrajhi –(Non-executive) – New member in the committee.

This decision is effective as of 1/1/2022

Third: Forming an Investment committee as one of the board committees of the National Agricultural Development Company (NADEC) shall be terminated starting from December 31, 2021