Riyadh - Mubasher: Aldrees Petroleum and Transport Services Company announced the death of independent board member Mohammed bin Salem bin Ali Salem Moussa, who passed away on 26 September.
The company expressed its condolences to the family of the deceased following his passing. The board of directors and employees of the company extended their sympathies regarding the loss of the board member.
In a regulatory filing, the firm stated that it will announce the appointment of a replacement to fill the vacant board seat in due course. This process will be conducted in accordance with the relevant laws and regulations governing board appointments for listed companies in the Kingdom.
No further details regarding the succession timeline or the impact on board committees were provided in the immediate disclosure.
