| Element List | Explanation |
|---|---|
| Introduction | The Board of Directors of Arabian Contracting Services Company announces the formation of the Audit Committee for the new term, effective starting from Wednesday, 29/09/1447H, corresponding to 18/03/2026G. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Dr. Waleed Mohammed Al Bassam (from outside the Board) Chairman of the Committee |
| Membership Start Date | 2026-03-18 Corresponding to 1447-09-29 |
| Brief Resume of the Appointed Member | Dr. Waleed Mohammed Al Bassam is a member from outside the Board. He currently serves as Managing Partner at Khalid Mohammed Al Bassam Certified Public Accountants and Auditors since 2023. He previously held several positions, most notably Chief Financial Officer at Saudi Ceramic Company, faculty member at Imam Mohammad Ibn Saud Islamic University, and partner at Kharashi & Co. Certified Accountants and Auditors. He holds a PhD in Accounting and Finance from the University of Glasgow, United Kingdom, and is also a SOCPA fellow. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Mohammed Abdullah Alnemer (Independent Board Member) Member |
| Membership Start Date | 2026-03-18 Corresponding to 1447-09-29 |
| Brief Resume of the Appointed Member | Mr. Mohammed Abdullah Alnemer is an Independent Board Member. He currently serves as Chief Executive Officer of Morood Holding Company since 2012. He previously served as Relationship Manager (Corporate Banking) at The Saudi British Bank. He holds a Bachelor’s degree in Management Information Systems from King Fahd University of Petroleum and Minerals, and a Master’s degree in Management from City University, United Kingdom. |
| The date of the approval by other official authorities | N/A |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Eng. Abdullah Abdulrahman Al Mazroa (from outside the Board) Member |
| Membership Start Date | 2026-03-18 Corresponding to 1447-09-29 |
| Brief Resume of the Appointed Member | Eng. Abdullah Abdulrahman Al Mazroa is a member from outside the Board. He currently serves as Chief Wealth Officer at BLME Capital since July 2025. He previously held several senior positions in the banking sector at Vision Bank, SABB, and Al Awwal Bank, and also serves on the boards of several public and listed funds. He holds a BSc in Computer Engineering from King Saud University. |
| 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 | 2026-03-18 Corresponding to 1447-09-29 |
| Additional Information | The Board of Directors’ resolution to form the Audit Committee shall be effective as of 18/03/2026G, and the Committee’s term shall continue for four years ending on 17/03/2030G. The Board also expressed its appreciation and gratitude to the members whose membership in the Audit Committee has ended, valuing their valuable contributions and cooperation, and wishing them continued success in all their future endeavors. |
