The Saudi Industrial Exports Company (SADRAT) announced key decisions made by its newly elected Board of Directors, appointing Eng. Khalid bin Mohammed Al-Ajlan as Chairman and Eng. Issa bin Nasser Aqili as Vice Chairman. This announcement was made in an official statement published by the company on the Saudi Stock Exchange (Tadawul) website, noting that these appointments follow the decisions of the Ordinary General Assembly meeting held last Thursday.
The General Assembly meeting witnessed the election of five members to fill the vacant seats on the Board of Directors, in order to complete the current term of the Board, which began its work on June 16, 2025 and is scheduled to end on June 15, 2028. In a move aimed at strengthening the executive management, the Board decided to appoint Professor Halim bin Mohammed Al-Saim as a managing member of the company, thereby changing his membership classification to an executive member, reflecting a trend to empower effective leaders in running the company's daily operations.
Regarding the council's subcommittees, the formation of the Nominations and Remuneration Committee was approved, chaired by Mr. Salman bin Mohammed Al-Anqari, with Mr. Saad bin Abdulaziz bin Muammar and Mr. Obaidullah bin Mohammed Al-Turkistani as members. The decisions also included the formation of the Executive and Investment Committee, chaired by Eng. Khalid Al-Ajlan, with Eng. Issa Aqili and Mr. Halim Al-Saim as members. These steps are in line with the Corporate Governance Regulations issued by the Capital Market Authority, which aim to ensure transparency and efficiency in strategic decision-making.
These appointments are particularly significant given the pivotal role of the Saudi Industrial Exports Company (SADRAT) in the national economy. SADRAT serves as a key platform for marketing Saudi industrial products in global markets, acting as a vital bridge connecting local factories with international importers. The infusion of new talent into the board of directors aligns with the Kingdom's economic objectives and Vision 2030, which prioritizes the development of non-oil exports to diversify national income sources.
The newly formed board and its specialized committees are expected to focus on exploring new investment opportunities and opening promising markets for Saudi products, particularly given the intense competition in regional and international markets. Shareholders also anticipate that the diverse expertise of the new members will enhance the company's financial performance and strengthen its market position by activating the role of the investment committee and the executive committee in developing well-considered expansion strategies that serve the interests of the company, its shareholders, and the national economy as a whole.
