Leadership Changes at Al Jouf Cement Company
The Al Jouf Cement Company has announced significant changes to its Board of Directors, effective July 2, 2025. The company has appointed Eng. Ahmed bin Mohammed Al-Falih as the new Chairman of the Board, replacing Eng. Abdullah bin Oudah Al-Ghubain. Mr. Hani bin Sulaiman Al-Saleh has been appointed as the Vice Chairman of the Board and the company's representative to the Capital Market Authority, replacing Mr. Abdulkarim bin Mohammed Al-Nuhair. These appointments are part of a strategic move to enhance governance and operational efficiency, as stated by the Saudi Exchange.
Key Takeaways:
- Eng. Ahmed bin Mohammed Al-Falih has been appointed as the new Chairman of the Board, effective July 2, 2025, serving until August 5, 2027.
- Mr. Hani bin Sulaiman Al-Saleh has been appointed as the Vice Chairman of the Board and the company's representative to the Capital Market Authority, replacing Mr. Abdulkarim bin Mohammed Al-Nuhair, serving until August 5, 2027.
- The appointments are part of a strategic move to enhance governance and operational efficiency, aiming to align with the company's operational requirements.
- The company is planning to complete the number of Board members and establish necessary committees in the near future.
- The Capital Market Authority and Saudi Exchange disclaim any liability for any loss arising from reliance on this disclosure.
Statistics:
- The appointments are effective as of July 2, 2025.
- The new Chairman, Eng. Ahmed bin Mohammed Al-Falih, will serve until August 5, 2027.
- The new Vice Chairman, Mr. Hani bin Sulaiman Al-Saleh, will serve in his dual roles until August 5, 2027.
- The company is planning to complete the number of Board members in the near future.
Sources:
- Al Jouf Cement Company (Saudi Exchange) - "Al Jouf Cement Company Announces Leadership Changes", July 3, 2025.
- Saudi Exchange (Saudi Exchange) - "Disclosure of Material Information According to Article 21 of the CMA Regulations", July 3, 2025.