SAPTCO Meeting Approves Election of Five Board of Directors Members

The Saudi Public Transport Company (SAPTCO) announced on Tuesday the results of the Ordinary General Assembly meeting (first meeting) as it approved election of five Board of Directors members.

 It was held on Monday via modern technology means and from the Company’s office in Riyadh (using Tadawulaty system). The Percentage of attending Shareholders was 31.36%.

 The company indicated that the voting results on the items of the General Assembly’s meeting agenda are:

1-Approval of the Board of Directors members election, from among the candidates for the next term, which begins on January 01, 2022, which is for three years period ending on December 31, 2024. Where the following members were selected:

• Mr. Walid Bin Abdurahman Alhabib. Independent
• Mr. Yaser Bin Sulaiman Aldawood. Non-Executive – representing Public Investment Fund
• Dr.Saud Bin Mohammed Alnimir. Independent
• Mr. Turki Bin Mosaed Almubarak. Independent
• Mr. Musad Bin Abdulaziz Aldaood. Independent

2-Approval of the formation of the audit committee, and the definition of its duties, work regulations and remuneration of its members for the new term, starting from the date of the Assembly on 01.January.2022,  until the end of the term on 31.December.2024. The following are the names of the candidates, (whose CVs are attached):

• Mr. Alaa Bin Abdullah Al-Fadda – member from outside the Board
• Mr. Meshal Bin Mohammed Almuqrin – member from outside the Board
• Mr.Baker Bin Abdulatif ALhaboob – member from outside the Board
• Mr. Abdulaziz Bin Mosaed Al-Mosaed – independent member, the company concluded.