Riyadh – Mubasher: The Saudi Automotive Services Company, known as SASCO, has officially announced a significant transition in its executive leadership following a board of directors meeting held on 18 June 2026, according to a bourse filing.

The company confirmed the resignation of its long-standing CEO Riyadh bin Saleh Al Malik.

SASCO also revealed the subsequent appointment of Mohammed bin Hajjaj Al Hajjaj as the new CEO.

This leadership change is scheduled to take effect during the third quarter (Q3) of 2026, marking a new chapter for the Tadawul-listed automotive services provider as it seeks to integrate new management expertise while maintaining board-level continuity.

The board of directors accepted the resignation of Al Malik on 18 June 2026, while his tenure as CEO was set to formally conclude on 31 July 2026. The company stated that the resignation was submitted at Al Malik’s request, citing personal circumstances as the primary reason for his departure from the top executive post.

Despite stepping down from his daily operational duties, Al Malik will retain a vital role within SASCO’s governance framework. He is slated to remain a member of the Board of Directors and will continue his service on the various sub-committees emerging from the board. This arrangement is intended to ensure that the company continues to benefit from his institutional knowledge and experience during the transition period and beyond.

To succeed Al Malik, the board has approved the appointment of Al Hajjaj as the incoming CEO effective 1 August 2026.

The new CEO enters the role with a distinguished academic and professional background tailored to the company’s industrial and investment requirements. He holds a Bachelor of Science in Applied Electrical Engineering from the King Fahd University of Petroleum and Minerals (KFUPM) and a Master of Science in Engineering Management from the University of Dayton in the US.

Al Hajjaj brings substantial executive experience to SASCO, having previously served as the CEO of Engie. His professional career has been defined by extensive work in the fields of management and investment. The board indicated that his appointment is aligned with the company’s strategic needs, as his background in engineering management and his history of leadership in the investment sector are expected to support SASCO’s ongoing business objectives and market positioning.

The transition period between the board’s decision in June and the effective start date in August is designed to facilitate a smooth handover of responsibilities. This structured approach allows the company to maintain operational stability while preparing for a shift in executive strategy under Al Hajjaj guidance.

SASCO recently announced the results of its Extraordinary General Assembly Meeting which was held on 16 June 2026, approving the company’s financial results for the 2025 fiscal year.