Saudi Cable: Ghaith Fayez and Omar Bahathi Appointed as Audit Committee Members

Saudi Cable Company announced on Wednesday that the Board of Directors has approved by Circular Resolution on its meeting held on 05.04.2022, the recommendation by the Nomination & Remuneration Committee regarding the appointment of:

-Mr. Omar Hasan Bahathi

-Mr. Ghaith R. Fayez

It explained that to be members of the Audit Committee (two independent members of non-Board members), the validity of the appointment under the Committee’s membership shall be effective from the date approved by the first General Assembly to be held until the end of the current session of the Audit Committee, which shall be ending on 13.01.2024.

Whilst, Board’s approval may not be deemed final and this appointment shall be presented to the General Assembly at its first meeting for approval.

He added that Mr. Ghaith Raji Muhammad Fayez holds a Bachelor’s degree from King Abdulaziz University and a Master’s degree in Business Administration from the University of Manchester. He has more than twenty years of experience in internal auditing. He held the position of Audit Manager of Projects Audits Division at Saudi Aramco and the General Auditor of the Saudi Ground Services Company. Currently, he is the Director of Internal Audit Department at the Saudi Entertainment Ventures.

He also added that Mr. Omar Hasan Omar Bahathiq is Internal Audit Manager at Vision International Investment Company. Certified Internal Auditor (CIA), Certified Management Accountant (CMA) and Certified Risk Based Auditor.

He also holds a Master of Business Administration (MBA) from the IESE Business School in Barcelona and a bachelor’s degree of science in Accounting from King Fahd University of Petroleum & Minerals.

It concluded that the approval of the Board is not final, and this appointment will be presented to the first meeting of the General Assembly for approval.