Al Hammadi Holding Company Announces Strategic Leadership Appointments and Governance Enhancements

Al Hammadi Holding Company has initiated a new phase of growth and development with the appointment of key executives to its Board of Directors and the establishment of new board committees. The company's Ordinary General Assembly meeting, which took place on 08 Dhu al-Hijjah 1446H (06 June 2025), led to the election of new board members for a term spanning from 22 June 2025 to 21 June 2029. Notably, Dr. Abdulaziz bin Mohammed Al Hammadi has been appointed as the Chairman of the Board of Directors, while Mr. Mohammed bin Saleh Al Hammadi has taken on the role of Vice Chairman and Managing Director. These appointments reflect the company's dedication to enhanced governance and strategic leadership, as it navigates the complexities of the market and seeks to drive sustainable growth.

Key Takeaways:

• Dr. Abdulaziz bin Mohammed Al Hammadi has been appointed as the Chairman of the Board of Directors, bringing a wealth of experience and expertise to the role.
• Mr. Mohammed bin Saleh Al Hammadi has been named Vice Chairman and Managing Director, further solidifying the company's leadership team.
• The Audit Committee has been formed, comprising Mr. Aziz bin Mohammed Al Gahtani, Dr. Nasser bin Hamad bin Saif, and Mr. Adel bin Mohammed Al Osaimi, each bringing extensive experience in accounting, internal auditing, and corporate governance.
• The Remuneration and Nomination Committee has been established, featuring Mr. Saad bin Abdulmohsen Al Hamidi, Mr. Fahad bin Sulaiman Al Nuhait, and Mr. Ibrahim bin Saleh Al Dakhil, tasked with overseeing the company's compensation practices and ensuring alignment with market standards.
• A Secretary for the Board of Directors has been appointed, as has representatives to interact with the Capital Market Authority and the Saudi Exchange (Tadawul).
• The company has committed to enhanced governance and strategic leadership, aiming to navigate market complexities and drive sustainable growth.

Statistics:

• The new term for the Board of Directors spans from 22 June 2025 to 21 June 2029.
• The Ordinary General Assembly meeting took place on 08 Dhu al-Hijjah 1446H (06 June 2025).
• The appointments were announced on 21 June 2025.
• Each member of the Audit Committee brings extensive experience, with Mr. Aziz bin Mohammed Al Gahtani having 10 years of experience in accounting, Dr. Nasser bin Hamad bin Saif having 12 years of experience in internal auditing, and Mr. Adel bin Mohammed Al Osaimi having 15 years of experience in corporate governance.

Sources:

• Saudi Exchange
• Al Hammadi Holding Company announcement