Saudi American Holdings Corp. Appoints H.R.H. Prince Badr bin Sultan bin Abdul Aziz to the Board
May 30 2008 - 4:35PM
Marketwired
FT. LAUDERDALE, FL is an international holding company investing
in companies that are engaged in a number of diverse business
activities.
On May 28th, 2008, via board amendment and the unanimous consent
of members of the Board of Directors, H.R.H. Prince Badr bin Sultan
bin Abdul Aziz was appointed to the Board and will assume the title
of Director, Saudi American Holdings Corp.
Prince Badr is the son of H.R.H. Crown Prince Sultan bin Abdul
Aziz of Saudi Arabia. He is the brother of H.R.H. Prince Khaled bin
Sultan, Assistant Minister of Defense and Aviation and H.R.H.
Prince Bandar bin Sultan, the former Saudi Arabian Ambassador to
the United States.
"We are delighted to welcome His Royal Highness to the Board. We
are confident that his intimate knowledge of Saudi Arabia will
assist the Company in its endeavors throughout The Kingdom in
particular, and the Middle East in general," stated David
Carruthers, President and Director of Saudi American Holdings
Corp.
Mr. Carruthers added, "Prince Badr's appointment to the Board
reflects our long term belief in and commitment to the strength and
growth of the Saudi Arabian economy. His Royal Highness' acceptance
of this position is indicative that such commitment is recognized
throughout The Kingdom and reflects our Company's growing success
throughout the region."
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act: Statements in this news release may contain
forward-looking information within the meaning of Section 27a of
the U.S. Securities Act of 1993 and Section 21E of the Securities
and Exchange Act of 1934, and is subject to the safe harbor created
by those sections. All statements, other than statements of
historical fact, are forward-looking statements that involve
various risks and uncertainties, which may, individually or
mutually, impact the matters described herein. There can be no
assurance that such statements will prove to be accurate, and the
actual results and future events could differ materially from those
anticipated in such statements. The company assumes no obligation
to update the information contained in this release. Readers should
not place undue reliance on any forward-looking statements
contained herein.
Contact: Saudi American Holdings Corp. 110 Broward Blvd. Suite
1700 Ft. Lauderdale, FL 33301 USA 954-315-3935
info@saudiamericanholdings.com
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