Riyadh – Mubasher: The board of Saudi Company for Hardware (SACO) has appointed its leadership and the formation of several board committees following its general assembly meeting held on 17 June 2026.

The board of directors, meeting on 20 July 2026, named Wael bin Fouad Issa Jamjoom as Chairman and Rehab bin Samawal Abdullah Bakhsh as Vice Chairman.

The new board term commenced on 20 July and is scheduled to conclude on 19 July 2029. As part of the governance restructuring, the company established a Nomination and Remuneration Committee led by Thamer bin Mohammed Jamil Tamerik, and an Investment Committee chaired by Nouf bint Abdullah Al Rakan.

Furthermore, SACO formed an Executive Committee under the chairmanship of Wael Fouad Jamjoom and a specialized Saudi Vision 2030 Alignment Committee, which will be headed by Mohammed bin Saleh Benten.

The company also designated its official representatives to the Capital Market Authority, Saudi Tadawul Group, and the Securities Depository Center to ensure compliance with all regulatory requirements during the three-year mandate.