The Saudi Industrial Exports Company (SADRAT) announced the results of the Ordinary General Assembly meeting (second meeting), which was held last Thursday, where shareholders approved a vital item related to the restructuring and reform of the Board of Directors to ensure the continuity of the company’s business with high efficiency.
In an official statement published on the Saudi Stock Exchange (Tadawul) website, the company revealed that the voting results showed a majority vote approving the election of five new members to fill the vacant seats on the Board of Directors. This election is to complete the current Board term, which began on June 16, 2025, and extends for three calendar years, ending on June 15, 2028.
List of elected members
The new list of elected members includes a select group of administrative experts, namely:
- Khaled Al-Ajlan
- Naif Al-Anzi
- Salman Al-Anqari
- Halim Al-Saim
- Increase of Fawaz
Strengthening governance and administrative stability
This step is of paramount importance in strengthening corporate governance. Filling the board seats is essential to ensuring the quorum necessary for making strategic and critical decisions. This action also reflects "SADARAT's" commitment to the requirements of the Capital Market Authority and corporate governance regulations, enhancing transparency and disclosure, and ensuring effective oversight of executive management performance.
The pivotal role of "exports" in the national economy
These administrative developments come at a time when the export sector in Saudi Arabia is experiencing significant growth. The Saudi Industrial Exports Company plays a pivotal role in this context, serving as a vital bridge connecting national factories to global markets. The newly formed board is expected to contribute to developing new strategies aimed at opening international markets for Saudi products, thereby enhancing the company's competitive position.
Alignment with the Kingdom's Vision 2030
The company's activities and future direction align with the goals of Saudi Vision 2030, which focuses heavily on diversifying income sources and increasing non-oil exports. A fully functioning and effective board of directors will enable the company to capitalize on government initiatives supporting exporters and develop strategic partnerships that serve the national economy, positively impacting shareholder equity and enhancing investor confidence in the company's future performance.
