AICTEC reappoints Abdullah Al-Shuraim as Chairman, Saud Al Shuraim as CEO

Logo of Advance International Co. for Communication and Information Technology (AICTEC) 

Advance International Co. for Communication and Information Technology’s (AICTEC) board of directors decided on Dec. 30 to appoint Abdullah Al Shuraim as the chairman of the board of directors, with Saud Al Shuraim serving as his deputy. 

AICTEC also approved the appointment of Saud Al Shuraim as the company's managing director and CEO. In addition, the board of directors appointed a board secretary, according to a statement to Tadawul.

Moreover, the company’s board formed the audit committee as well as the nominations and remuneration committee, in addition to appointing the company’s representatives to the Capital Market Authority (CMA) and the Saudi Exchange (Tadawul).

The board chose Ahmed Al-Sayegh (independent member from within the board) to chair the audit committee, which included Maher Al-Barghouthi (member from outside the board) and Hatem Al-Askar (member from outside the board).

Meanwhile, Mustafa Ali (independent member from within the board) was appointed chairman of the nominations and remuneration committee, which included Abdullah Al Shuraim (non-executive member from within the board) and Mishal Al-Kathiri (non-executive member from within the board).