Element List Explanation
Introduction Alkhorayef Water and Power Technologies Co. announce the Board of Directors’ resolution issued on 01/05/1448H corresponding to 12/10/2026G, has approved increasing the number of members of the Audit and Risk Committee from three (3) members to four (4) members.

 

The Board has resolved to appoint Mr. Fahad bin Ibrahim Alkhorayef as the fourth and new member of the Audit and Risk Committee, with the appointment effective as of 12-10-2026.

Accordingly, the composition of the Audit and Risk Committee will be as follows:

 

1. Eng. Abdulaziz bin Mohammed Al Fakhri (Chairman - Independent)

2. Mr. Ammar bin Ahmed Al Zubaidi (Committee Vice Chair - Non Executive)

3. Mr. Abdulaziz bin Mohammed Al-Mojel (Committee Member - Independent)

4. Fahd Ibrahim Abdullah Alkhorayef (Committee Member- Non Executive)

 

This appointment shall be effective from the date of the Board resolution stated above and shall remain in force until the end of the current Board term on June 14,2030.
Element List Explanation
Appointed Member Name Fahad Ibrahim Abdullah Alkhorayef
Membership Start Date 2026-10-12 Corresponding to 1448-05-01
Brief Resume of the Appointed Member • Holds a Bachelor’s degree in Business Administration from King Saud University, obtained in 2000.

 

• Board Member of Alkhorayef Water and Power Technologies Co. since June 15, 2026.

• Executive Director of Enterprise Risk Management at the Tourism Development Fund since 2023.

• Member of the Executive Committee of the Tourism Development Fund.

• Chief Executive Officer of Alkhorayef Financial and Business Consulting Company from 2015 to 2023.

• Senior Advisor, Insurance Supervision Department, at the Saudi Central Bank (SAMA) from 2021 to 2022
The date of the approval by other official authorities Not applicable
Element List Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2026-10-12 Corresponding to 1448-05-01
 

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