City Cement Proposes Board Expansion to Eight Members
CITY CEMENT 3003.SA | 0.00 |
City Cement Company announced on April 22, 2026 that its Board of Directors has recommended amending the Company's Articles of Association to add a new seat to the Board, increasing the total number of Board members from seven to eight. The amendment aims to enhance the diversity of expertise and skills within the Board to support the Company's targeted growth and expansion strategies and strengthen corporate governance practices. The recommendation will be presented to the General Assembly at an upcoming meeting, with the date to be announced after completing necessary regulatory procedures and obtaining required approvals from relevant authorities.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94602&anCat=1&cs=3003&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/10014_421_2026-04-22_15-30-25_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/10014_421_2026-04-22_15-31-26_en.pdfhttps://www.saudiexchange.sa/Resources/fsPdf/10014_421_2026-04-22_15-32-20_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.