GASCO appoints new chairman, vice chairman

The board of directors of National Gas and Industrialization Co. (GASCO) appointed Abdulaziz bin Fahad AlKhayal as chairman of the board, and Ali bin Mohammed AlSaflan as vice chairman, for a 3-year term started Nov. 29, 2019.

According to a statement on Tadawul, the board of directors also formed a number of committees including: -

-Executive Committee, chaired by Abdulaziz bin Fahad AlKhayal, and membership of Ali AlSaflan, Raed AlHukail and Mohammed Alkathiri.

-Nominations and Compensation committee, chaired by Mohammed AlKhaldi, and membership of Ali Alsaflan, Baker AlMuhana, and Raed AlHukail.

-Investment Committee, chaired by Baker AlMuhana, and membership of Abdulaziz bin Fahad AlKhayal, Ahmed AlMohsin, Mohammed AlSaddiri, and AbdulRahman bin Abdulaziz bin Sulaiman.

The board also recommended to set up a review committee, and present the candidates to the general assembly to vote.

The generally assembly will be invited at a later stage and will be announced upon receiving all regulatory approvals.