Riyadh – Mubasher: Al Jouf Mineral Water Bottling Company (Hilwa) has appointed Ashry Saad Mazal Al Ashry as the new Chairman of the board for the coming three years.
Hilwa also announced Fahad Mohammed Ibrahim Al Habdan as the Vice Chairman, according to a recent bourse disclosure.
The two officials assumed their roles for a new board term that started on 31 August 2022 and will remain in position until 30 August 2025.
Last June, the board of Hilwa approved a 50% capital hike to enhance the company’s resources and promote its growth rates in the coming years.
The new capital will stand at SAR 46.87 million distributed over 4.68 million shares, compared to SAR 31.25 million and 3.12 million shares prior to the increase.
