VALZ HLDG
Change - Announcement of Appointment::APPOINTMENT OF NON-EXECUTIVE DIRECTOR AND CHAIRMAN OF BOARD OF DIRECTORS
Issuer & Securities
Issuer/ ManagerVALLIANZ HOLDINGS LIMITEDSecuritiesVALLIANZ HOLDINGS LTD - SGXE15078822 - WPC
Stapled SecurityNo
Announcement Details
Stapled SecurityNo
Announcement Title Change - Announcement of AppointmentDate &Time of Broadcast 08-Dec-2021 21:44:07Status NewAnnouncement Sub TitleAPPOINTMENT OF NON-EXECUTIVE DIRECTOR AND CHAIRMAN OF BOARD OF DIRECTORSAnnouncement ReferenceSG211208OTHRSEMHSubmitted By (Co./ Ind. Name)Ling Yong WahDesignationChief Executive OfficerDescription (Please provide a detailed description of the event in the box below)This document has been reviewed by the Company's sponsor, Provenance Capital Pte. Ltd. ("Sponsor"), for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document.
The contact person for the Sponsor is Ms. Wong Bee Eng, Chief Executive Officer, at 96 Robinson Road, #13-01, SIF Building, Singapore 068899. Telephone: (65) 6227 1580 Email: wongbe@provenancecapital.com
Additional Details
The contact person for the Sponsor is Ms. Wong Bee Eng, Chief Executive Officer, at 96 Robinson Road, #13-01, SIF Building, Singapore 068899. Telephone: (65) 6227 1580 Email: wongbe@provenancecapital.com
Date Of Appointment08/12/2021Name Of PersonOsman Aly Ibrahim HassaneinAge59Country Of Principal ResidenceSaudi ArabiaThe Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)The Nominating Committee has reviewed and assessed the qualifications, working experience and suitability of Mr. Osman Aly Ibrahim Hassanein ("Mr. Osman Ibrahim"), and is of the view that Mr. Osman Ibrahim has the requisite experience and knowledge to contribute effectively to the Company. On the recommendation by the Nominating Committee, the Board of Directors unanimously approved the appointment of Mr. Osman Ibrahim as the Non-Executive Director and Chairman of the Board of Directors of the Company.Whether appointment is executive, and if so, the area of responsibilityNon-ExecutiveJob Title (e.g. Lead ID, AC Chairman, AC Member etc.)Non-Executive Director and Chairman of the Board of DirectorsProfessional qualificationsBachelor of Science in Accounting
Master Degree in FinanceAny relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiariesGroup President and CEO of Rawabi Holding Company LimitedConflict of interests (including any competing business)NilWorking experience and occupation(s) during the past 10 yearsGroup President and CEO of Rawabi Holding Company LimitedUndertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))YesShareholding interest in the listed issuer and its subsidiaries?No# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).Past (for the last 5 years)NilPresent1. Rawabi Holding Co. Ltd
2. Rawabi Oil & Gas Co. Ltd
3. Rawabi Specialized Contracting Co. Ltd
4. Rawabi Electric Co. Ltd
5. Rawabi Specialized Enclosures Co. Ltd
6. Rawabi Wireless Solution Co. Ltd
7. Rawabi Integrated Gas Co. Ltd
8. Rawabi Travel & Tourism Co. Ltd
9. Frank's Rawabi Co. Ltd, KSA
10. Rawabi Emec, KSA
11. Rawabi BUTEC Co. Ltd
12. RISAL, KSA
13. Gabas Wire Factory
14. Rawabi Dry Ice
15. United Safety Ltd, Canada
16. Redsea Consulting, Canada
17. Rawabi Archer Co. Ltd
18. Rawabi Cetco Co. LLC
19. Rawabi Pason Co. Ltd
20. Rawabi Geolog Co. Ltd
21. Rawabi United Safety Services Co. Ltd
22. Rawabi Contracting and Services Co., Egypt
23. Rawabi Vallianz Offshore Services Co. Ltd
24. Magnom Saudi Properties, Egypt(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?No(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?No(c) Whether there is any unsatisfied judgment against him?No(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?No(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?No(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?No(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?No(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?No(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?No(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; orNo(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; orNo(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; orNo(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?No(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?NoAny prior experience as a director of an issuer listed on the Exchange?NoIf no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the ExchangeMr. Osman Ibrahim will attend the Listed Entity Director Program organized by the Singapore Institute of Directors within one year from his date of appointment.
Related Announcements
Master Degree in FinanceAny relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiariesGroup President and CEO of Rawabi Holding Company LimitedConflict of interests (including any competing business)NilWorking experience and occupation(s) during the past 10 yearsGroup President and CEO of Rawabi Holding Company LimitedUndertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))YesShareholding interest in the listed issuer and its subsidiaries?No# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).Past (for the last 5 years)NilPresent1. Rawabi Holding Co. Ltd
2. Rawabi Oil & Gas Co. Ltd
3. Rawabi Specialized Contracting Co. Ltd
4. Rawabi Electric Co. Ltd
5. Rawabi Specialized Enclosures Co. Ltd
6. Rawabi Wireless Solution Co. Ltd
7. Rawabi Integrated Gas Co. Ltd
8. Rawabi Travel & Tourism Co. Ltd
9. Frank's Rawabi Co. Ltd, KSA
10. Rawabi Emec, KSA
11. Rawabi BUTEC Co. Ltd
12. RISAL, KSA
13. Gabas Wire Factory
14. Rawabi Dry Ice
15. United Safety Ltd, Canada
16. Redsea Consulting, Canada
17. Rawabi Archer Co. Ltd
18. Rawabi Cetco Co. LLC
19. Rawabi Pason Co. Ltd
20. Rawabi Geolog Co. Ltd
21. Rawabi United Safety Services Co. Ltd
22. Rawabi Contracting and Services Co., Egypt
23. Rawabi Vallianz Offshore Services Co. Ltd
24. Magnom Saudi Properties, Egypt(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?No(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?No(c) Whether there is any unsatisfied judgment against him?No(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?No(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?No(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?No(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?No(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?No(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?No(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; orNo(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; orNo(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; orNo(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?No(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?NoAny prior experience as a director of an issuer listed on the Exchange?NoIf no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the ExchangeMr. Osman Ibrahim will attend the Listed Entity Director Program organized by the Singapore Institute of Directors within one year from his date of appointment.
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Vallianz Holdings Limited published this content on 08 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2021 09:11:07 UTC.
