| ELEMENT LIST | EXPLANATION |
| Introduction | Saudi Cement Company announces the Board of Directors’ resolution to approve the recommendation of the Nominations & Remunerations Committee to accept the resignation of the board member, Dr. Mohammad Sulaiman Balghonaim, and to appoint Mr. Mansour Mohammed Balghonaim as a member of the board to complete the term of his predecessor for the remainder of the current Board term which ends on 31-Dec-2021.
The Board of Directors extends its appreciation and gratitude to Dr. Mohammad Balghonaim for his efforts during his directorship terms and his previous tenures as Chairman of the Audit Committee and Chairman of the Nominations & Remunerations committee and wishing him continued wellness and happiness |
| ELEMENT LIST | EXPLANATION |
| Resigned Member Name | Dr. Mohammad Sulaiman Balghonaim |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2021-06-28 Corresponding to 1442-11-18 |
| Resignation Acceptance Date | 2021-06-30 Corresponding to 1442-11-20 |
| Resignation Effective Date | 2021-06-30 Corresponding to 1442-11-20 |
| Membership Starting Date for the Resigned Member | 2019-01-01 Corresponding to 1440-04-25 |
| Reasons of Resignation | Personal reasons |
| ELEMENT LIST | EXPLANATION |
| Appointed Member Name | Mr. Mansour Mohammed Balghonaim |
| Membership Type | Independent |
| Membership Start Date | 2021-06-30 Corresponding to 1442-11-20 |
| Brief Resume of the Appointed Member | Mr. Mansour Blaghonaim has about16 years working experience in banking field and currently as Head of Business development Wholesale Banking in Gulf International Bank. Also, he has 4 years’ experience in Power and Telecom field. Mr. Mansour holds bachelor’s degree in finance from King Saud University. |
| ELEMENT LIST | EXPLANATION |
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2021-06-30 Corresponding to 1442-11-20 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval. |