Arab Sea names Chairman, Vice Chairman

Arab Sea Information Systems Co.’s board of directors appointed Muhammad Bin Saleh Al Suhibani as a Chairman of the board, and Abdulaziz Al Kalifa as a Vice Chairman of the board, the company said in a bourse statement.

This came during the board meeting held on Sept. 17, 2020, the statement added.

The board also proposed the formation of the nominations and remuneration committee as well as the risk-management committee.

The company’s shareholders, on August 19, 2020, approved the formation of an audit committee for the three-year term ending on Sept. 16, 2023.

A board secretary was also named, together with the company’s representatives at the Saudi Stock Exchange (Tadawul), the Capital Market Authority (CMA) and Securities Depository Center Company (“Edaa”).