News & Announcements

STC

25 July, 2024 15:36

Saudi Telecom Company (stc) announces the formation of Audit Committee Members.

Element List	Explanation
Introduction	Saudi Telecom Company (stc) announces the formation of Audit Committee members for the Ninth term of the Board of Directors starting on 25-7-2024 and ending on 24-7-2028, based on Board of Directors resolution, as follows:

Element List	Explanation
Appointed Member Name	Mr. Walid I. Shukri, (Member)
Membership Start Date	2024-07-25 Corresponding to 1446-01-19
Brief Resume of the Appointed Member	He holds a Bachelor degree in Industrial Management (accounting), CPA license from the U.S. and SOCPA from Saudi Arabia, with an extensive experience in accounting, finance, internal audit, risk management, compliance, and governance. He is also a Member in various Boards of Directors and Chaired several Auditing, Risk, and Compliance Committees in various joint-stock companies and Government entities.
The date of the approval by other official authorities	N/A

Element List	Explanation
Appointed Member Name	Dr. Ammr K. Kurdi, (External Member)
Membership Start Date	2024-07-25 Corresponding to 1446-01-19
Brief Resume of the Appointed Member	He holds an accounting PhD and he has an extensive experience in accounting, finance, internal audit and risk management. He held key leadership roles as a Chief Financial Officer, Chief Corporate Services Officer, and Chief Internal Audit Officer in a number of entities in the private and public sectors in the fields of industrial, investment and educational institutions. He is also serving as a member on the Board of Directors, Audit, compliance and risk committees of multiple joint stock companies, government, and regulatory bodies.
The date of the approval by other official authorities	N/A

Element List	Explanation
Appointed Member Name	Mr. Medhat F. Tawfik, (External Member)
Membership Start Date	2024-07-25 Corresponding to 1446-01-19
Brief Resume of the Appointed Member	He holds a Master degree from Citibank Asia Pacific and a Certified Anti-Money Laundering (ACAMS) with extensive experience in auditing and risk management. He established an outsourcing company named IRSAA for business solutions that is responsible for risk management and internal audit. He also assumed several positions in Samba Financial Group over a 24 years period as Head of Transfer Funds Department, Risk Manager, and Accounts Manager, and he held memberships on boards of directors and audit committees in various of companies.
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	2024-07-25 Corresponding to 1446-01-19

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