| Element List | Explanation |
|---|---|
| Introduction | The Arabian Plastic Industry Company (APICO) announces the Board of Directors’ decision to form the Audit Committee, effective 30-09-2025, with its mandate continuing until the end of the current Board session, which will conclude on 13-09-2029 as follows:- 1- Mr. Waleed Khalid Balubaid -Non-Executive - Chairman 2- Mr. Hassan Ibrahim Al-Zahrani - Non-board member - member 2- Mr. Abdulrahman Awad Al-Mohammadi - Non-board member - member |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Waleed Khalid Balubaid |
| Membership Start Date | 2025-09-30 Corresponding to 1447-04-08 |
| Brief Resume of the Appointed Member | Mr. Walid Balubaid has extensive experience in finance and accounting across the automotive, real estate and hospitality sectors. He holds an MBA in Finance from Bentley University in the United States and a BS in Computer Science from Fairleigh Dickinson University. He has led financial restructurings for several companies, acquisitions, and a successful listing of a company on the Saudi stock market. He has experience in international accounting standards and zakat and tax management. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Hassan Ibrahim Al-Zahrani |
| Membership Start Date | 2025-09-30 Corresponding to 1447-04-08 |
| Brief Resume of the Appointed Member | Mr. Hassan Al Zahrani has over 25 years of professional experience in the fields of accounting, zakat and taxes, and statutory auditing. He holds a bachelor's and master's degree in both accounting and law, and holds several professional certifications from the Saudi Organization for Certified Public Accountants and a value-added tax specialist. He is licensed as a certified public accountant, bankruptcy trustee, accounting expert, and practicing lawyer by official bodies in the Kingdom and currently serves as a partner at Aboud Abubaker Baashan Accounting and Legal Auditing Office. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Abdulrahman Awad Al-Mohammadi |
| Membership Start Date | 2025-09-30 Corresponding to 1447-04-08 |
| Brief Resume of the Appointed Member | Mr. Abdulrahman Al-Mohammadi has over 16 years of experience in financial planning, financial control, and budgeting, having held numerous leadership positions in the financial sector. He currently serves as Executive Director of Financial Control at the National Housing Company, where he leads financial planning, control, and periodic reporting. Mr. Abdulrahman holds a bachelor's degree in accounting from King Fahd University of Petroleum and Minerals. He also holds a specialized certificate in leadership and management from Harvard Business School. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2025-09-30 Corresponding to 1447-04-08 |
| Additional Information | N/A |
