Appointment of Wael Jamjoom as Chairman of the Board of SACO and Rehab Bakhsh as Vice Chairman

Wael Fouad Jamjoom, Chairman of the Board of SACO

The Board of Directors of Saudi Company for Hardware and Tools - SACO decided yesterday to appoint Wael bin Fouad Issa Jamjoom (Independent) as Chairman of the Board, and Rehab bin Samuel Abdullah Bakhsh (Non-Executive) as Vice Chairman. In a statement on Tadawul, the company said the board decided to form the committees emanating from the board committees and appoint the company's representatives to the Capital Market Authority, the Saudi Tadawul Group, and the Securities Depository Center. It explained that the Audit Committee was formed from the following members: 1. Abdullah bin Yahya Al-Moallemi (Non-Board Member) – Chairman; 2. Rehab Samuel Bakhsh (Non-Executive) – Member; 3. Ghassan bin Ahmed Aamoudi (Independent) – Member; 4. Ahmed bin Ali Al-Saqqaf (Non-Board Member) – Member; 5. Layan bint Mohammed Saeed Banajah (Non-Board Member) – Member. It also noted that the Nominations and Remuneration Committee was formed from the following members: 1. Thamer bin Mohammed Jamil Temeerik (Independent) – Chairman; 2. Wabil bin Yahya Jamjoom (Non-Board Member) – Member; 3. Ayman bin Wajih Al-Tawil (Non-Board Member) – Member; 4. Khaled Mohammed Sindi (Non-Board Member) – Member; 5. Hani Abdulwahab Zahran (Non-Board Member) – Member. It added that the Investment Committee was formed from the following members: 1. Nouf bint Abdullah Al-Rakan (Non-Board Member) – Chairman; 2. Wael bin Fouad Jamjoom (Independent) – Member; 3. Yousef bin Humaid Al-Din (Non-Board Member) – Member; 4. Asma bint Hassan Yamani (Non-Board Member) – Member; 5. Asaad Ammar Jamjoom (Non-Board Member) – Member. It mentioned that the Executive Committee was formed from the following members: 1. Wael Fouad Jamjoom (Independent) – Chairman; 2. Tariq Anaya (Non-Board Member) – Member; 3. Atef Mahdi Mufti (Independent) – Member; 4. Sakhr bin Asaad Jamjoom (Executive) – Member. It stated that the Saudi Vision 2030 Alignment Committee was formed from the following members: 1. Mohammed bin Saleh Bantan (Non-Board Member) – Chairman; 2. Hassan bin Ahmed Abu Talib (Non-Board Member) – Member; 3. Heba Nour Beydoun (Non-Board Member) – Member; 4. Yousef bin Humaid Al-Din (Non-Board Member) – Member; 5. Fouad bin Wajih Al-Tawil (Non-Board Member) – Member. It pointed out that the company's representatives to the Capital Market Authority, the Saudi Tadawul Group, and the Securities Depository Center were appointed for all purposes related to the implementation of the Capital Market Law and its executive regulations. According to data available on Argaam, the ordinary general assembly of SACO during its meeting last June approved the election of board members from among the candidates for the next term, which began on July 20, 2026, for a period of 3 years ending on July 19, 2029.

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