Riyadh Steel Co. announced on January 20, 2026, that its Board of Directors approved the appointment of Engineer Bassam bin Mohammed bin Muaiqil Al-Bassam as an independent board member on January 19, 2026. He replaces Mr. Khalid bin Yahya Al-Yahya and will serve until the current board term ends on January 17, 2027. Al-Bassam brings over 25 years of experience across multiple sectors and holds various board positions including at King Abdullah Financial District Development Company and National Glass Industries Company. The appointment requires final approval at the next General Assembly Meeting.

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