Najran Cement Company Announces Board Appointments and Committee Formation
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By Amelia Stone | RIYADH – 2025/08/24 10:37:19
RIYADH – Najran Cement Company [NCC] has announced the appointment of Fahd bin Abdullah Abdulaziz Al-Rajhi as Chairman of the Board of Directors (non-executive) effective August 21, 2025. The company also appointed Majid bin Ali Hussein bin Muslim as Deputy Chairman of the Board (Self-reliant).
According to a statement released to Tadawul, the company’s board has also appointed a board secretary and representatives to the Capital Market Authority and The Saudi Financial Market (Tadawul). Additionally, the board has formed the Nominations and Bonuses Committee, the Executive Committee, and the Review Committee for the new session. Further details regarding these committees will be disclosed separately.
Key Committee Appointments
“The decision…enters into force from August 09, 2025 for a period of four years, and ends on August 08, 2029.”
The newly formed Nominations and bonuses Committee comprises:
- Ziyad bin Ibrahim Abdullah Al-Jard (Member of the Board of Directors/ independent) as Chairman.
- Ali bin Hussein Burman Al-Yami (member of the Board of Directors/ non-executive) as a member.
- Abdullah bin Jaber bin Ali Al-Fifi (member of the Board of Directors/ independent) as a member.
- Majid bin Ahmed bin Ibrahim Al-Swaij (member of the board of directors/ independent) as a member.
Executive Committee Composition
The Executive Committee consists of:
- Majid bin Ali Hussein bin Muslim (member of the board/ independent) as Chairman.
- Fahd bin Abdullah Abdulaziz Al-Rajhi (member of the Board of Directors/ non-executive) as a member.
- Abdul Salam bin Abdullah Abdulaziz Al-Duraibi (member of the Board of Directors/ Executive) as a member.
- abdullah bin mansour bin Suleiman Al-Shukair (member of the board of directors/ independent).
The company has confirmed that the decisions to form these committees, including the audit committee, will be effective from August 9, 2025, and will remain in effect for four years, concluding on August 8, 2029.
Frequently Asked Questions
- What is the role of the Nominations and Bonuses Committee?
- The nominations and bonuses Committee is responsible for identifying and recommending qualified candidates for board membership and for determining executive compensation packages.
- What is the purpose of the executive Committee?
- The Executive Committee is delegated certain powers by the full board to act on behalf of the board between board meetings, ensuring timely decision-making.
- How long will the newly formed committees be in effect?
- The committees will be in effect for a period of four years, from August 9, 2025, to August 8, 2029.
