Riyadh Steel Announces Board Member Resignation and New Appointments

Riyadh Steel Company announced on Monday that its Board of Directors has approved the resignation of Board Member Mr. Mohammed bin Abdullah Al-Saif, following his request.

On the same day, the Board also approved the appointment of Mr. Abdullah bin Mohammed Al-Saif as an independent board member to replace Mr. Mohammed Al-Saif, completing the current board term, which ends on January 17, 2027.

Additionally, Dr. Freah bin Ateeq Al-Shammary was appointed as an independent board member, replacing Mr. Ahmed bin Abdul Karim Al-Nafie, also for the remainder of the current term ending on January 17, 2027.

According to the company, Abdullah bin Mohammed Al-Saif brings over six years of experience in financial control and performance management. He currently serves as a Financial Specialist at SABIC and has extensive expertise in financial analysis, consolidated reporting, supporting organizational transformation, and creating value through feasibility studies and economic modeling. He has led numerous strategic initiatives and collaborated with international teams and government entities. He holds a Bachelor’s Degree in Finance from Prince Sultan University and recently earned a specialized Master’s Degree in Finance and Accounting from IE University.

Meanwhile, Dr. Freah bin Ateeq Al-Shammary holds a Doctorate in Sharia and Law. He is a licensed lawyer, serves on the boards of several companies and associations, and has considerable experience in preparing legal and Sharia studies, providing consultancy services, drafting regulations, and conducting legal pleadings.