Middle East Specialized Cables Company announced that its Board of Directors has accepted the resignation of the Chairman of the Audit Committee, Eng. Saad bin Ammash Al-Shammary (independent member) from his membership in the Board of Directors due to his personal circumstances. The board also announced that the appointment of Majed bin Ahmed Al-Suwaigh as audit committee member.

Worth to mention that Mr. Majed bin Ahmed Al-Suwaigh He holds a master-s degree in Islamic finance from the General Council of Islamic Banks and Financial Institutions in 2018, and a master-s degree in marketing management from Central Western University in the United States of America. He worked in various fields of investment, industrial, service, and real estate finance. He has various experiences in financial analysis, investment, financial consulting, and strategic planning.