News & Announcements

AMLAK

23 July, 2024 09:34

Amlak International Finance Co. Announces The Appointment of Two Audit Committee Members

Element List	Explanation
Introduction	Amlak International Finance Co. announces that it has obtained the Saudi Central Bank’s non-objection on 16-01-1446H corresponding to 22-07-2024G to the appointment of two members the at Audit Committee who are: • Mr. Mohammed bin Abdul Aziz Alshaya as Chairman of the Audit Committee (Independent Board Member) • Mr. Jameel bin Abdullah Almolhem as a member of the Audit Committee (Independent Board Member) This was after the Board of Directors’ resolution issued on its meeting held on 29-11-1445H corresponding to 06-06-2024G of the appointment.

Element List

Explanation

Introduction

Amlak International Finance Co. announces that it has obtained the Saudi Central Bank’s non-objection on 16-01-1446H corresponding to 22-07-2024G to the appointment of two members the at Audit Committee who are: • Mr. Mohammed bin Abdul Aziz Alshaya as Chairman of the Audit Committee (Independent Board Member) • Mr. Jameel bin Abdullah Almolhem as a member of the Audit Committee (Independent Board Member) This was after the Board of Directors’ resolution issued on its meeting held on 29-11-1445H corresponding to 06-06-2024G of the appointment.

Element List	Explanation
Appointed Member Name	Mr. Mohammed bin Abdulaziz Alshaya
Membership Start Date	2024-07-22 Corresponding to 1446-01-16
Brief Resume of the Appointed Member	Mr. Mohammed Abdulaziz Alshaya holds a bachelor and master degree in Accounting. Mr. Alshaya has experience over 34 years in the financial and banking sectors, and experience in auditing and inspection, and financial consulting. He's also a member of boards and audit committees in several companies.
The date of the approval by other official authorities	22-07-2024G Corresponding to 16-01-1446H

Element List	Explanation
Appointed Member Name	Mr. Jameel bin Abdullah Almolhem
Membership Start Date	2024-07-22 Corresponding to 1446-01-16
Brief Resume of the Appointed Member	Mr. Jameel Abdullah Almolhem holds a bachelor’s degree of Science in Marketing from King Fahad University of Petroleum and Minerals. Mr. Almolhem has over 29 years' of experience, through which he served in several leadership positions in addition to serving as a board member of multiple companies locally and internationally. Mr. Almolhem currently is the CEO of Sinad Holding Company.
The date of the approval by other official authorities	22-07-2024G Corresponding to 16-01-1446H

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2024-06-06 Corresponding to 1445-11-29
Additional Information	Board approval may not be deemed final, this appointment shall be put before the first general assembly meeting for approval.

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