In a strategic move aimed at strengthening the company's administrative structure, the board of directors of Al-Jouf Cement Company announced the appointment of Engineer Bakr bin Mohammed Sindi as Managing Director, effective January 4, 2026. This announcement was made via an official statement published by the company on the Saudi Stock Exchange (Tadawul) website, explaining the reversal of a previous decision to abolish this vital position.
Details of the decision and the return to the previous structure
The company explained in its statement that the board of directors decided to reverse its previous decision to abolish the position of managing director and reinstate it within the company's approved organizational structure. This deliberate reversal comes as part of the board's ongoing efforts to enhance internal governance and ensure strong, direct executive oversight commensurate with the current challenges and opportunities in the market.
The decision primarily aims to achieve a delicate balance between executive and supervisory powers, a cornerstone of improving the company's operational performance. This approach also reflects the Board of Directors' desire to accelerate the achievement of strategic objectives, ultimately benefiting shareholders and maximizing the value of the company's assets.
Bakr Sindi's experience and leadership qualifications
Engineer Bakr Sindi possesses a proven track record of over 25 years of experience, making him an ideal choice to lead the next phase at Al-Jouf Cement. His expertise spans vital areas such as organizational transformation, good governance practices, complex supply chain management, and strategic planning.
Academically, Sindi holds a bachelor's degree in mining engineering from King Abdulaziz University, a specialization directly relevant to the cement industry. He has previously held several leadership positions in prestigious industrial and financial institutions, as well as serving on multiple boards of directors, giving him a comprehensive perspective that combines technical, financial, and administrative expertise.
The context of the cement sector and the importance of timing
This step is particularly important given the current economic context in Saudi Arabia. The cement and building materials sector is experiencing significant growth driven by the Kingdom's Vision 2030 projects and mega-projects, which require reliable supply chains and professional resource management.
Al-Jouf Cement Company, headquartered in the northern region, is one of the influential companies in the sector. Cement companies at this stage face challenges related to fluctuating demand and price competition, making the presence of a managing director with an engineering and management background essential to steer the company towards financial and operational sustainability.
Promoting governance and sustainability
From an organizational standpoint, the decision to reinstate the managing director position aligns with global best practices in corporate governance, as this role helps bridge the gap between the board of directors and day-to-day executive management. Sindi's appointment is expected to improve internal communication channels, expedite critical decision-making, and focus on enhancing plant productivity, which will positively impact the company's financial results and market position in the coming period.
