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Chairpersons

Riyadh Cement Company Establishes New Governance Structure

Strategic Insights

— 1 min read

The Riyadh Cement Company has taken a significant step forward in its governance and strategic planning by establishing a new Board of Directors, the Remuneration and Nomination Committee, and the Audit Committee, all effective from June 16, 2025. The appointments of Mr. Salah Rashed AlRashed as Chairman and Eng. Khaled Abdullah AlMulhem as Vice-Chairman are aimed at steering the company towards its objectives with effective leadership. The company has also formed a Remuneration and Nomination Committee and an Audit Committee to oversee compensation policies, board nominations, and ensure the integrity of financial reporting and compliance with regulatory requirements.

Key Takeaways:

  • The Riyadh Cement Company has established a new Board of Directors, effective June 16, 2025, with Mr. Salah Rashed AlRashed as Chairman and Eng. Khaled Abdullah AlMulhem as Vice-Chairman.
  • The company has also formed a Remuneration and Nomination Committee, comprising Mr. Fahad bin Hizam Al-Nabit, Mr. Salah bin Rashid Al-Rashid, and Mr. Mohammed Khalifa Al-Mulhem.
  • The Audit Committee, with a three-year term, consists of Dr. Abdullah Al-Husseini, Mr. Mohammed Al-Shaya, and Dr. Fahad Saleh Al-Humaidah.
  • The company has appointed representatives to liaise with the Capital Market Authority and the Saudi Stock Exchange to ensure compliance with CMA regulations.
  • The appointment of a Board Secretary has been confirmed, although specific details were not disclosed.

Statistics:

  • The new Board of Directors and committees are effective as of June 16, 2025.
  • The Remuneration and Nomination Committee has three members: Mr. Fahad bin Hizam Al-Nabit, Mr. Salah bin Rashid Al-Rashid, and Mr. Mohammed Khalifa Al-Mulhem.
  • The Audit Committee has six members: Dr. Abdullah Al-Husseini, Mr. Mohammed Al-Shaya, Dr. Fahad Saleh Al-Humaidah, and three additional members who are not disclosed in the original text.

Sources:

  • Saudi Exchange, "Riyadh Cement Company Forms New Board of Directors, Committees", June 16, 2025.
  • Riyadh Cement Company, "Governance Structure Announcement", June 16, 2025.
  • Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul), disclaimer for the contents of the announcement.

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