Bawan appoints Abdullah Abdullatif Al Fozan as BOD Chairman, Fozan Mohammed Al- Fozan as Managing Director

Bawan Company announced on Tuesday that the board of directors in its three years new term (starting on 26 Sep 2022 and ending on 25 Sep 2025) as elected by the Extraordinary General Assembly meeting held on 19 Sep 2022, decided on 26 Sep 2022 the following resolutions:
First: Appointing Mr. Abdullah Abdulatif Al Fozan (Non-Executive) as Chairman of the Board of Directors.
Second: Appointing Mr. Raed Ibrahim S Almudaiheem (Non-Executive) as Vice Chairman of the Board of Directors.
Third: Appointing Mr. Fozan Mohammed AlFozan (Executive) as Managing Director.
Fourth: Forming the Nominations and Remuneration Committee as follows:
– Mr. Khalid Abdulrahman Al-Gwaiz (Independent) – Chairman of the Committee
– Mr. Fozan Mohammed AlFozan (Executive) – Member
– Mr. Raed Ibrahim S Almudaiheem (Non-Executive) – Member
Fifth: Approve the appointment of the company’s representatives to represent the company before the Capital Market Authority and Saudi Stock Exchange (Tadawul) for all purposes related to the application of rules and regulations, as well as appointing the board secretary.
Note that during the Extraordinary General Assembly meeting held on 19 Sep 2022, 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 26 Sep 2022 and for a period of three years, which ends on 25 Sep 2025 has been approved.