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Administration extends Review Committee term
The Management Company for Communications and Information Technology has decided to extend the membership of the Audit Committee for one year, from August 21, 2026, to August 22, 2027, in order to maintain continuous financial oversight and ensure the company's compliance with regulations. The proposed change to the committee's formation was rejected; it will continue with Fahad Al-Humaidi as Chairman, and Sultaan Al-Sudairy and Danaa Al-Harbi as members. The current members will carry on with their duties without any additional costs or significant financial impact. This extension aims to reinforce principles of governance and transparency within the company.
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