SASCO Appoints Mohammed Al-Hajjaj as New CEO

SASCO

SASCO

4050.SA

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Saudi Automotive Services Company (SASCO) announced on June 18, 2026 that its Board of Directors accepted the resignation of CEO Mr. Riyadh Saleh Almalik, effective July 31, 2026, due to personal circumstances. The Board simultaneously approved the appointment of Eng. Mohammed Al-Hajjaj as the new CEO, effective August 1, 2026. Mr. Almalik will remain as a member of the Board of Directors and its subcommittees following his resignation from the executive role.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96203&anCat=1&cs=4050&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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