Riyadh — Mubasher: Alkhorayef Water and Power Technologies Company stated that its board of directors has approved increasing the number of members on the Audit and Risk Committee from three to four, according to a bourse filing.
The board appointed Fahad bin Ibrahim Al Khorayef as the fourth member of the committee, effective 12 October 2026.
The appointment will remain valid until the conclusion of the current board term on 14 June 2030.
Al Khorayef will be serving as a non-executive director who has joined the company board since 15 June 2026, bringing extensive experience in risk management and financial consulting.
He currently serves as the Executive Director of Enterprise Risk Management at the Tourism Development Fund, a role he has held since 2023.
Following this expansion, the committee is chaired by Abdulaziz bin Mohammed Al Fakhri, with Ammar bin Ahmed Al Zubaidi serving as Committee Vice Chairman.
Meanwhile, Abdulaziz bin Mohammed Al Muajel and Fahad bin Ibrahim Al Khorayef serve as committee members.
The company confirmed that the restructuring aims to strengthen its internal oversight and risk management frameworks during the current governance cycle.
