Logo of Saudi Industrial Export Co. (Sadirat)
Saudi Industrial Export Co. (Sadirat) said its board of directors approved, during a meeting held on Aug. 19, CEO Soliman H. Al-Jedaie's request to not renew his contract.
His current term ends Aug. 31, 2024, the company said in a statement to Tadawul adding that any material developments will be announced in due course.
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In a separate statement, the company announced that Al-Jedaie (executive member) resigned from the board, effective Sept. 1, 2024, citing work commitments.
Meanwhile, in another statement Sadirat said the board appointed Ghassan Al-Haidari (independent member) as Managing Director of the company and amended the membership status to executive member effective Sept. 1, 2024.
Al-Haidari holds a Master's degree in financial management from the University of Colorado and has more than 15 years of practical experience. He has been a member of the board since June 16, 2022, and was a member of the Audit Committee from July 20, 2022, and until Aug. 31, 2024.
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