By the grace of God Almighty, the first meeting of the Board of Directors of Al-Naqeeb Holding Company in the Arab Republic of Egypt was held last Wednesday, December 2, 2020, at the headquarters of Logic Consulting Company.
This comes as a result of the group’s keenness to apply the principles of governance in Al-Naqeeb Holding Company, which is considered one of the basic agreements with Logic Governance Consulting Company.
The meeting was attended by all members of the Board of Directors, who were in a balanced formation and with a renewed mindset. The list of members was formed as follows:
Sheikh / Abdullah Awad Al-Naqeeb
– Chairman of the Board of Directors.
Sheikh / Raed Abdullah Al-Naqeeb
– CEO.
Sheikh / Ali Abdullah Al-Naqeeb
– Executive Member.
Sheikh / Awad Abdullah Al-Naqeeb
– Deputy CEO and Executive Member.
Sheikh / Walid Abdullah Al-Naqeeb
– Executive Member.
Sheikh / Abdallah Abdullah Al-Naqeeb
– Executive Member.
Mr. / Amr Nabil Othman.
– Non-Independent Member.
Mr. Abdul Hamid Mohsib.
– Independent Member.
Mr. Khaled Aql
– Independent Member.
Mr. Ahmed Siddiq
– Independent Member.
Mr. Mazen Salem Al-Jahouri
Secretary of the Board
At the meeting, the Chairman of the Board of Directors, Sheikh Abdullah Awad Al-Naqeeb, delivered an opening speech in which he welcomed the attending members and stressed the importance of moving towards achieving the company’s established strategy, and what are the priorities that should be started with according to what was decided in the strategy document. Then, the Group CEO, Sheikh Raed N Abdullah Al-Naqeeb, reviewed the work of Al-Naqeeb Company since the 1940s, through the expansion of its commercial activities that the group witnessed in the last two decades, reaching the strategic plan and its axes, the details of which were addressed in a speech delivered by the Deputy CEO, Sheikh Awad bin Abdullah Al-Naqeeb, in a presentation in which he explained to the members the strategic plan for the next five years, the strategic direction of the group, and the business model that the company will adopt in the future.
The meeting was also attended, at the request of the Chairman of the Board of Directors, by representatives of Logic Company, who reviewed the form of the administrative structure that the holding company will adopt and answered some of the members’ inquiries and comments.
In this meeting, a package of decisions was taken regarding the priorities for implementing the strategic plan, the committees that should accompany the work of the council, and the dates of the council’s meetings during the year 2021, God willing.
On this occasion, the senior management of the holding company and all members of the board of directors extend their best congratulations and best wishes to all its employees in all countries in which it operates on this step that will be a turning point for the company towards achieving its strategic plan, with the help of God Almighty, and then with the efforts of its loyal men, on whom the group always and forever relies as an effective driver in the process of change and expansion of its commercial activities, as it believes in its real capital that drew, and in the difficult circumstances that the group went through, it drew with legendary steadfastness the most beautiful meanings of loyalty, belonging, love of work, seriousness and diligence.
We ask God Almighty to guide everyone to what He loves and pleases.