EIC Appoints Yousef ALQuraishi as BOD Chairman and Tariq ALTahini as Managing Director

The Electrical Industries Co. (EIC) announced on Monday the Board of Directors’ decision to appoint Mr. Yousef Ali ALQuraishi (Non-Executive) as the Chairman of the Board, Eng. Mahmoud Mohammed ALToukhi (Non-Executive) as the Vice Chairman of the Board, and Eng. Tariq Mohammed ALTahini (Executive) as the Managing Director.

The Company stated in a statement today on “Tadawul” that the Audit Committee was formed from the following members:

• Mr. Sattam Abdulaziz ALZamil (Independent) Chairman

• Mr. Abdulaziz Saud ALShabeebi (from Outside the board) Member

• Eng. Khalid Sulaiman ALHarbi (Independent) Member

The Remuneration and Nomination Committee was also formed from the following members:

• Mr. Jameel Abdullah ALMolhem (Independent) Chairman

• Mr. Faisal Saleh ALQuraishi (Non- Executive) Member

• Mr. Bader Brahim ALSuwailem (Non- Executive) Member

The Company’s Representatives were also appointed to the Capital Market Authority and the Saudi Stock Exchange (Tadawul) for all purposes related to the implementation of the Capital Market Law and its executive regulations.

This comes in reference to the results of the Company’s Ordinary General Assembly Meeting held on Dec. 04, 2024, in which the members of the Board of Directors of the Electrical Industries Co. were elected for the new term starting on Dec. 09, 2024 for four years, and ending on Dec. 08, 2028