Musaab Al-Muhaidib Appointed BOD Chairman of TASNEE, Talal Al-Maiman Named Vice Chairman

National Industrialization Co. (TASNEE) announced on Monday the Board of Directors’ Decision to appoint Mr. Musaab bin Sulaiman Al-Muhaidib as Chairman of the Board of Directors, Eng. Talal bin Ibrahim Al-Maiman as Vice Chairman, and a Secretary to the Board of Directors.

The Board of Directors also approved, in its first meeting of the new term on July 06, 2025, the formation of the Board’s Subcommittees in accordance with the approved duties and powers, and the appointment of the Company’s representatives to the Capital Market Authority (CMA) and the Saudi Exchange (Tadawul) for all purposes related to the implementation of the CMA and its implementing regulations.

This refers to the results of the TASNEE’s Extraordinary General Assembly Meeting held on May 11, 2025, during which the Company’s Board of Directors was elected for a new term beginning July 06, 2025, for a four-year term ending July 05, 2029.

In this regard, the TASNEE announced the Board of Directors’ Decision dated July 06, 2025, to form the Audit Committee, effective July 06, 2025, for a four-year term ending July 05, 2029, as follows:

– Mr. Sami Abdulaziz Al-Shenaiber (Independent Member from outside the Board) as Chairman of the Committee;

– Mr. Maher Saad Al-Aiyadhi (Independent Member from outside the Board);

– Dr. Muath Khalid Al-Zamil (Independent Member); and

– Eng. Abdulaziz Khalifa AI-Mulhim (Independent Member).