The Saudi Trade Summit announces the formation of the Nominations and Rewards Committee!

Saudi Qimmah Trading Company announced that its Board of Directors issued a decision on December 30, 2024, approving the formation of a Nominations and Remunerations Committee. The committee will begin its duties as of the announcement date and will continue until the end of the current Board’s term on December 22, 2028. This decision is part of the company's commitment to enhancing governance and organizing its administrative affairs in line with best corporate practices.

The committee comprises three prominent members, with Dr. Faisal bin Mansour Al-Fadhli, an independent member of the Board, serving as the committee's chair. Dr. Al-Fadhli is a distinguished figure in the company, holding the position of Chairman of the Nominations and Remunerations Committee. The committee also includes Abdullah bin Muhammad Al-Ajmi, a non-executive member of the Board, representing one of the core pillars of the company as he is the founder and Chairman of the Board of Saudi Qimmah Trading Company.

The third member is Waad bint Majid Al-Faouri, who joined the committee as a member from outside the Board, reflecting the company's commitment to leveraging diverse competencies to enhance the committee's working mechanisms. The company stated that Abdullah bin Muhammad Al-Ajmi holds multiple leadership positions, most notably as the Chairman of the Board of Yafal Real Estate Development since 2022, in addition to his role as the founder and Chairman of Yafal Plastic Factory since 2012 and Qimmah Saudi Plastic Factory since 2007.

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