Kingdom Holding names new deputy chairman
RIYADH, December 21, 2017
Kingdom Holding Company (KHC) has appointed independent board member Dr Khalid Abdullah Al-Souhem as the deputy chairman of the board of directors.
The decision was taken at a board meeting on December 20 at its headquarters in Riyadh, said a statement.
The appointment was made in accordance with the new corporate governance regulations issued by the Capital Market Authority Board on February 13, 2017, the statement said.
The appointment is effective as of December 2017 through the end of the current board session on June 5, 2018.
The meeting was attended by KHC board members Eng Talal Almaiman, chief executive officer; Sarmad Zok, executive director of hotel investments; Mohamed Fahmy, chief financial officer; and non-executive board members Eng Taher Agueel and Dr Khaled Al-Saheem.
The board also accepted the resignation of Eng. Rasha Amer El-Hoshan (independent member), submitted on September 28, and was effective as of December 20. Eng El-Hoshan resigned due to personal reasons, it said.
KHC will continue its dividend policy in the same manner as earlier, it added.
CEO Talal Almaiman presented to the board the company’s latest results and highlighted the ongoing successful strategy to further enhance the business and create premium value for shareholders. - TradeArabia News Service
