SACO Replaces CEO, Appoints Jamjoom as Managing Director

SACO

SACO

4008.SA

0.00

On July 21, 2026, Saudi Company for Hardware (SACO) announced that its Board of Directors, at a meeting held on July 20, 2026, resolved not to renew the employment contract of CEO Mr. Abdel-Salam Bdeir, with his departure effective October 31, 2026. Concurrently, the Board appointed existing Board Member Eng. Sakhr bin Asaad Jamjoom as Managing Director, effective July 21, 2026, through the end of the current Board term on July 19, 2029. Eng. Jamjoom brings over 32 years of experience across multinational companies in consumer goods, oils, manufacturing, and logistics, and most recently served as Managing Director of Halwani Bros. Company from 2024 to 2025.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96898&anCat=1&cs=4008&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.