National Grain Company’s inaugural shareholder meeting appoints Board of Directors

  • Date: 04-Mar-2021
  • Source: Eye of Riyadh
  • Sector:Economy
  • Country:Saudi Arabia
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National Grain Company’s inaugural shareholder meeting appoints Board of Directors

The National Grain Company (NGC), a strategic partnership between the Saudi Agricultural and Livestock Investment Company (SALIC) and Bahri, a global leader in logistics and transportation, held its inaugural shareholder meeting on 2 March at the Bahri head office in Riyadh. The announcement of the first Board of Directors of the National Grain Company topped the meeting's agenda. The shareholder meeting verified the full subscription of the National Grain Company's shares and the fulfilment of the minimum capital, in addition to approving the final provisions of the company's foundation system. The members of the company's first Board of Directors were appointed by the meeting for a three-year term. Nasser Abdulrahman Alissa was appointed Chairman of the Board of Directors, and Eng. Abdullah Aldubaikhi was named Vice-Chairman. Fayez Al-Asmari and Faisal Almangour were appointed Board Members. Commenting on the inaugural board and shareholder meeting, Eng. Abdullah Aldubaikhi, CEO of Bahri and Vice-Chairman of the Board of Directors of the National Grain Company, said, "The company will work toward linking Saudi Arabia with grain sources globally, in addition to supporting the transformation of the Kingdom into an international logistics hub serving as the meeting point of the sea routes connecting three continents, in line