Reference to the Ordinary General Assembly meeting (the first meeting) of the shareholders of the of Scientific & Medical Equipment House Company held on Monday on 31-07-2023 AD, which includes the election of the Board of Directors for its second session, which started from the date of the Ordinary General Assembly on 31-07-2023 AD and for a period of three Gregorian years Expires on 30-07-2026 AD, the company is pleased to announce the decisions of the Board of Directors to appoint the Chairman of the Board of Directors, Vice-Chairman of the Board of Directors and Managing Director (CEO) of the company, the formation of committees and the appointment of company representatives to the Capital Market Authority and the Saudi Stock Exchange (Tadawul) and the appointment of the Secretary of the Board as follows:
First: Appointing Mr. Basel bin Saud bin Muhammad Al-Arifi (non-executive member) - as Chairman of the Board of Directors.
Second: Appointing Mr. Bandar bin Saud bin Muhammad Al-Arifi (non-executive member) - as Vice-Chairman of the Board of Directors.
Third: Appointing Mr. Barakat bin Saud bin Muhammad Al-Arefi (executive member) as the managing director (CEO) of the company.
Fourth: Appointing Mr. Ali Mohammed Ali Saghir - Secretary of the Board of Directors.
Fifth: Appointing the company's representatives to the Capital Market Authority for purposes related to the application of the Capital Market Authority's system and its implementing regulations.
Sixth: Appointing the company's representatives at the Saudi Stock Exchange (Tadawul) for listing-related purposes.
Seventh: Formation of the Remuneration and Nomination Committee of the Board of Directors from the following names:
1. Mr. Mohammed bin Ibrahim bin Abdul Mohsen Al-Hugail (independent) – President of the Committee.
2. Mr. Bandar bin Saud bin Muhammad Al-Arifi (non-executive) - member.
3. Mr. Basel bin Saud bin Muhammad Al-Arifi (non-executive) - member.
Eighth: Formation of the Risk Management Committee of the Board of Directors from the following names:
1. Mr. Hassan bin Ali bin Abdul Mohsen Al-Jishi (independent) - President of the Committee.
2. Mr. Bandar bin Saud bin Muhammad Al-Arifi (non-executive) - member.
3. Mr. Mohammed bin Ibrahim bin Abdul Mohsen Al-Hugail (independent) - member.
These resolutions are effective as of the beginning of the new Board of Directors term on July 31, 2023 AD, and for a period of three Gregorian years, ending on July 30, 2026 AD.
