Wednesday 5 December 2018
(Zain) Announces Resignation and Appointment of a Board and Audit Committee Member
Mobile Telecommunication Company Saudi Arabia (Zain) announces that the Board of Directors have accepted by circulation on 09/12/2018 the resignation of Mr. Thamer Ahmad Obeidat (non-executive) from its Board of directors, as well as the Audit Committee dated 25/11/2018, Where he began his membership for the current term of the Board on 26/04/2016, and appointing in his place Mr. Martial Caratti to the Board (non-executive), as well as the Audit Committee, effective 09/12/2018.
The Chairman of the board of Directors, HH Prince Naif bin Sultan bin Mohammed bin Saud Al Kabeer, and all the members of the Board of Directors express their recognition to Mr. Obeidat for his valuable participation throughout his membership in the Board of Directors, wishing him further success.
The Board approval will not be considered as final and the appointment will be presented to the coming general assembly meeting for approval.