Riyadh — Mubasher: The board of Taqat Mineral Trading Company approved the termination, by mutual agreement, of the contractual relationship with CEO Ali bin Muhammad Al Hudhaif, while he will continue to serve as the company’s Managing Director effective 2 September.

The board members also decided to appoint Abdulaziz bin Abdulkarim Al Sudais as the company’s CEO effective 2 September 2026.

Al Sudais holds a Bachelor’s degree in Industrial Engineering from King Saud University, alongside several accredited professional certifications, most notably Lean Six Sigma Black Belt (LSSBB) and Governance, Risk, and Compliance Professional (GRCP).

He possesses 18 years of experience, during which he held various leadership and supervisory positions within a government entity.

At the end of June 2026, the listed company reported a net loss of SAR 3.89 million, an annual increase of 32.76% from SAR 2.93 million.