Al Rashid Industrial reappoints Fahad Al Humaid as Chairman, Abdullah Al Eisa as VC

Logo of Al Rashid Industrial Co.

Al Rashid Industrial Co. said its board of directors reappointed Fahad Al Humaid as Chairman and Abdullah Al Eisa as Vice Chairman at its meeting held on July 2.

In a statement to Tadawul, the company said the board also appointed Mohammed Al Humaid as Managing Director and named a secretary to the board.

The board also formed the Audit Committee, appointing Ahmed Al Mohsen as Chairman, with Mousa Al Mousa and Mazen Al Drees as members.

In addition, the board formed the Remuneration and Nomination Committee, chaired by Abdullah Al Eisa, with Fahad Al Humaid and Basim Al Rashid serving as members.

The Executive Committee was also formed, with Abdullah Al Eisa appointed as chairman, while Fahad Al Humaid and Mohammed Al Humaid were named members.

The company also appointed representatives to liaise with the Capital Market Authority (CMA) and Saudi Tadawul Group Holding Co. (Tadawul Group).

According to data available with Argaam, Al Rashid Industrial shareholders approved the election of the board members for a three-year term, starting July 2, 2026, at the extraordinary general meeting (EGM) held in June.