Retailing and Operation Division
Riyadh, Kingdom of Saudi Arabia, 2015-10-29 — /EPR Retail News/ — Saudi Automotive Services Company (SASCO) announces the results of the 34th Ordinary General Assembly Meeting (2nd Time), which held at 4:00 pm on Sunday, 25th of October, 2015 at SASCO Head office (Al-Ehsa Street Malaz – Riyadh) after completion of the quorum, where all meeting agenda were agreed as mentioned below:
- Elected of two additional members to engage the new two seats in the Board of Directors to complete the current session, which began on June 30, 2015 and ends on June 29, 2018, this after the Article (16) of the Article of Association was amended to become the number of the Board Members (9) members instead of (7) members (normal method of voting) as Follows:Mr. Suleiman Ali Alkhudair.
Mr. Fawaz Suliman Alrajhi.
It is worth mentioning that Mr. Suleiman Ali al-Khudair holds a bachelor’s degree in electronic science from the University of Arizona, USA, and has held several senior management positions in the private sector, and Mr. Fawaz Sulaiman Alrajhi holds a bachelor’s degree administrative and accounting information systems from King Fahd University of Petroleum and Minerals and a master’s degree in business administration from Stanford Business School (USA) and has worked in several leadership positions and participated in many of the boards of directors of companies in the private sector.
- Approved the amendment of Article II, paragraph (3/3) the rules of selection members of The Nominations & Compensations Committee, the duration of their membership, type of committee work and in particular formatting the Committee and the conditions of committee member, which states that “not be allowed members from the executive directors of the company or who are managing technical or administrative position in the company” to become after the adjustment “may be a member of the committee from executive directors in the company or who are managing technical or administrative position in the company” in order to activate the role of sub- committees of the Council and grant the possibility of participation for members from seniors executives in the company.