Alkhorayef Water reappoints former chairman Mohammed Alkhorayef

Alkhorayef Water and Power Technologies Co. appointed Mohammed bin Abdullah Alkhorayef as chairman and Faisal bin Abdulaziz Al-Duwaish as vice chairman, the company said in a statement to Tadawul.

Mohammed Alkhorayef returns to the role he held from the company's listing in March 2021 until his resignation in February 2023, which he attributed to personal reasons. Abdulaziz Alkhorayef had replaced him at the time.

Alkhorayef Water and Power Technologies provides water and power solutions and has been listed on the Saudi Exchange since March 2021.

The board also approved the company's representatives before the Capital Market Authority and Tadawul for all purposes related to capital market law and regulations.

Separately, the board formed two committees for the current board term. The nominations and remuneration committee includes independent members Faisal Al-Duwaish and Abdulrahman Aluwais. The audit and risk committee membership was not disclosed in the statement.

Argaam data shows Mohammed Alkhorayef chaired the board from its listing through his resignation. The company did not provide further details on the reasons for his return.