Sadirat shareholders with 10% stake seek to oust board member

Logo of Saudi Industrial Export Co. (Sadirat)

Saudi Industrial Export Co. (Sadirat) received a letter from shareholders collectively holding more than 10% of its capital, requesting the convening of a general assembly meeting to vote on the dismissal of current board member Saleh Al-Rashid.

In a statement to Tadawul today, March 8, the company said it will take all necessary actions in accordance with the relevant rules and applicable laws and regulations. It will announce any related developments in due course.

Sadirat’s shareholders approved, in May 2025, the election of Saleh Al-Rashid as board member, data available with Argaam showed.

In November 2025, the company announced a new round of board resignations, including its Chairman Hatem Barajjash, and two board members, including Saleh Al-Rashid.