Day: January 8, 2023

The Board of Directors of Al-Wasail Industrial Company, in its meeting held today, Sunday, January 8, approved the establishment of a branch for the factory in the Industrial City (Modon) in the Jazan region under the name (Al-Wasail Industrial Company Factory, Jazan Branch) in order to reduce shipping and distribution costs, increase the company’s market share, and be a tributary to cover the growing demand In those parts, in addition to the possibility of supplying the Republic of Yemen with the required products directly from there, in order to reduce the cost.

Source: Saudi Exchange

Saudi Advanced Industries Co. announces the Board of Members’ approval of the Nominations and Remuneration Committee’s recommendation to appoint, Mr. FAISAL ABDULLAH Al-MASHOUH and MR. AHMED ABDULRAHMAN AL RABIAH (independent members) Board Members to occupy the board’s vacant seats in the board completion of its cycle on 30/05/2025 AD.

Mr. FAISAL ABDULLAH Al-MASHOUH

Mr.AHMED ABDUIRAHMAN ALRABIAH

Independent

2023-01-08 Corresponding to 1444-06-15

It is worth noting that Mr. Faisal bin Abdullah Al-Mashouh holds a Bachelor’s degree in Sharia from Qassim University and a law diploma from the Higher Institute of Judiciary at Imam Muhammad bin Saud Islamic University. He has experience in several fields and is a consultant for several family joint stock companies. Commercial arbitration for the countries of the Gulf Cooperation Council.

And Mr. Ahmed Abdul Rahman Al-Rabeeah holds a Bachelor's degree in Mechanical Engineering from King Fahd University of Petroleum and Minerals

He has practical experience for 10 years in various companies, during which he held high management positions. He made many successful deals and investments

2023-01-08 Corresponding to 1444-06-15

Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval

Source: Saudi Exchange

Riyadh, January 08, 2023, SPA -- Saudi Stock Exchange's main index ended trading higher here today, gaining 5.08 points to close at 10,536.91 points.

The total value of the trading reported was SAR 2.99 billion, while the toll of shares traded was 109 million, divided into over 250,000 deals.

The Saudi Parallel Market Index (NOMU) ended the day losing 100.30 points, to close at 19,204.43 points, with a valuation of SAR 14 million and an overall tally of more than 300,000 stocks traded and divided into as many as 1,593 deals.

Source: Saudi Press Agency