Riyadh – Mubasher: Saudi Lime Industries Company has announced the appointment of its Chairman and Vice Chairman, the formation of its primary board committees, and the designation of official company representatives for its upcoming board cycle.

These decisions follow the election of the Board of Directors during the Ordinary General Assembly meeting held on 15 June 2026, and will govern the company’s strategic direction for a four-year term beginning in July 2026.

In a formal disclosure to the Saudi Exchange, Saudi Lime confirmed that its newly elected Board of Directors convened on 29 June 2026 to finalize the leadership structure and governance framework for the 2026–2030 session.

The board has appointed Abdulaziz bin Majed Al Qasabi as the Chairman of the Board, serving in a non-executive capacity.

Supporting the leadership, Abdulaziz bin Tariq Al Bassam has been named Vice Chairman, also as a non-executive member.

These appointments are set to take effect at the start of the new term on 21 July 2026 and will remain in place until the term concludes on 20 July 2030.

Committees & Other Appointments

As part of its commitment to robust corporate governance, the board approved the formation of the Nomination and Remuneration Committee. This committee is essential for maintaining the integrity of the company’s leadership selection and compensation policies.

The membership includes Abdullah Ahmed Balamesh, an independent board member, alongside two external specialists: Matar Ali Al Zahrani and Zurik Bosnoyan.

By including members from outside the board, the company aligns with best practices aimed at ensuring objectivity and transparency in its internal evaluation processes.

Furthermore, the board established the Executive Committee, which is tasked with overseeing the implementation of the company’s strategic initiatives and operational performance.

The executive committee features a broad cross-section of the board’s expertise, consisting of Chairman Abdulaziz Majed Al Qasabi (Non-executive), Vice Chairman Abdulaziz Tariq Al Bassam (Non-executive), Fawaz Saleh Al Mutairi (Independent), Abdullah Ahmed Balamesh (Independent), and Fahad Musaed Al Rashidi (Executive).

This composition ensures that the committee benefits from both independent oversight and direct executive insight.

In addition to internal governance structures, the board has designated official representatives to manage the company’s relationship with the Kingdom’s financial regulatory bodies.

These representatives will act as the primary points of contact for the Capital Market Authority (CMA), the Saudi Tadawul Group, and the Securities Depository Center (Edaa). Their mandate covers all matters related to the application of the Capital Market Law and its executive regulations, ensuring that Saudi Lime Industries maintains full compliance with disclosure and reporting standards.

The formalization of these appointments and committees marks the completion of the transition to the new board term.

By establishing a clear leadership hierarchy and specialized committees, Saudi Lime Industries aims to provide a stable and transparent governance environment for its shareholders and the broader market. This administrative framework will be the foundation for the company’s operations and regulatory adherence over the next four years.