‎“Group Five”: BOD member of Audit Committee resigned

Group Five Saudi Pipes Co. announced the resignation of a member of the Audit Committee, Dr. Jassim bin Shaheen Al-Rumaihi, who submitted his resignation from the membership of the Audit Committee (an independent member from outside the Board) on 02/12/2023 AD, in implementation of the text of Paragraph G of Article 51 From the corporate governance regulations issued by the Capital Market Authority, which stipulates that it is required that a member of the audit committee not be a member of audit committees in more than five joint-stock companies listed in the market at the same time.

The resignation was accepted according to the decision of the company’s board of directors issued – by circulation – on 02/12/2023 AD, provided that this resignation takes effect as of the date of submitting the resignation on 01/03/2023 AD.

The Board of Directors of the company and the members of the Audit Committee extend their thanks and gratitude to Dr. Jassim bin Shaheen Al-Rumaihi, for his efforts and effective contribution during his tenure as a member of the Audit Committee during the last period.