SARCO Audit Committee Chair Resigns, Board Reconstitutes Panel

SARCO

SARCO

2030.SA

0.00

On August 13, 2026, Saudi Arabian Refineries Company (SARCO) announced that its Board of Directors, via a resolution passed by circulation on August 12, 2026, accepted the resignation of Mr. Abdulaziz bin Abdulmohsen Al-Bakr from his position as Chairman of the Audit Committee, effective the same date, citing his increasing professional engagements and responsibilities. Following his departure, the Board approved the reconstitution of the Audit Committee, appointing Mr. Adel Mamdouh Jaafar as the new Chairman (External Member), with Mr. Khaled Mohamed Al-Hanaki (Independent Board Member) and Mr. Nael Samir Fayez (Independent Board Member) serving as members.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97612&anCat=1&cs=2030&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.

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