
Yanbu Cement corrected its audit committee disclosure, fixing a member's name and title from CEO to CFO of Alat. All other details unchanged. The correction follows the July 7 announcement and was filed with the Saudi exchange.
Yanbu Cement corrected details of its audit committee formation on Tuesday, amending a member's name and title from the original July 7 announcement.
The correct name is Abdulaziz bin Mohammed bin Abdullah Al Fakhri. His title was listed as CEO of Alat in the initial filing. The company now says he is CFO of the same firm. No other committee members or roles changed.
The corrective disclosure was filed with the Saudi Stock Exchange (Tadawul). The company said the amendment ensures the biographical information matches its records. The correction does not alter the committee's makeup or responsibilities.
Yanbu Cement, a Saudi-listed cement producer, formed the audit committee as part of its corporate governance obligations. The initial announcement was published on July 7. Tuesday's filing fixes the single error.
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