SACO appoints new board member

Saudi Company for Hardware’s board of directors approved on May 15 the appointment of Mohammed Al Qatari as board member (non-executive) for the vacant position until the end of the current three-year term on July 19, 2023.

The new appointment came into effect today, May 16, SACO said in a statement to Tadawul.

Al Qatari holds a Master’s Degree in business administration, from King Fahd University of Petroleum and Minerals. He also holds and Bachelor’s Degree of sciences, environmental sciences, from King Abdulaziz University. Al Qatari has over 24 years of experience in management, strategy, business development and finance. He is currently the CEO of Abrar International Ltd.

The decision will be submitted to the upcoming general assembly meeting for approval, the statement concluded.