Watani Iron and Steel Company (Watani Steel) has announced that its board of directors has accepted the resignation of Yasser Zoman Saad Al-Zoman from both the board and his position as Chairman of the audit committee, citing personal reasons according to the company’s stock exchange filing.
The company also confirmed the appointment of Omar Mohammed Abdul Rahman Al-Turaif as a new member of the audit committee.
Watani Steel was established as a limited liability company in August 2008 and transitioned to a closed joint-stock company in May 2020. Its shares were listed and began trading on the Nomu-Parallel Market in February 2021. Watani Steel has an annual production capacity of 280,000 tons of billet and 320,000 tons of rebars.
