| Element List | Explanation |
|---|---|
| Announcement Detail | With reference to the Ordinary General Assembly Meeting (First Meeting) of Watani Iron and Steel Company held on Sunday, 13/01/1448 AH, corresponding to 28/06/2026 AD, which included the election of the Board of Directors for its new term commencing on 02 July 2026 AD and ending on 01 July 2030 AD for a period of four years, the Company is pleased to announce the Board of Directors' decision to appoint the Chairman and Vice Chairman of the Board, form committees, appoint the Company's representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul), and appoint the Board Secretary as follows: First: Appointment of Mr. Abdulkarim Mohammed Al-Rajhi – Chairman of the Board Second: Appointing Mr. Faisal Mohammed Hammad Al-Obaid as Vice Chairman of the Board of Directors Third: Appointment of Mr. Yousef Mohammed Al-Tarif (Executive Member) as Managing Director of the Company Fourth: Appointment of Mr. Yazid Abdullah Al-Marzouq – Secretary of the Board Fifth: Formation of the Board Committees as follows The following: A: Audit Committee 1. Mr. Faisal Mohammed Hammad Al-Obaid - Chairman of the Audit Committee 2. Mr. Mishari Abdulkarim Al-Rajhi - Member 3. Mr. Omar Mohammed Al-Tarif - Member B: Nominations and Remuneration Committee 1. Mr. Abdullah Al-Samaani - Chairman of the Audit Committee 2. Mr. Mishari Abdulkarim Al-Rajhi - Member 3. Mr. Omar Mohammed Al-Tarif - Member Sixth: Appointment of the company's representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul): 1. Mr. Yousef Mohammed Al-Tarif - Member of the Board of Directors 2. Mr. Yazid Abdullah Al-Marzouq - Secretary of the Board |
Watani Iron Steel Co. Announces the Board of Directors' decision to appoint the Chairman and Vice Chairman and form committees.
AI Summary
- Watani Iron and Steel Company appointed Mr. Abdulkarim Mohammed Al-Rajhi as Chairman and Mr. Faisal Mohammed Hammad Al-Obaid as Vice Chairman for a four-year term starting July 2, 2026, and ending July 1, 2030.
- Mr. Yousef Mohammed Al-Tarif was appointed as Managing Director, and Mr. Yazid Abdullah Al-Marzouq was named Board Secretary.
- The Board formed its standing committees, with Mr. Faisal Al-Obaid heading the Audit Committee and Mr. Abdullah Al-Samaani heading the Nominations and Remuneration Committee.
- Mr. Yousef Al-Tarif and Mr. Yazid Al-Marzouq were appointed as company representatives to the Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul).
