SACO restructures board, appoints Jamjoum as MD
Saudi Company "SACO" has announced the formation of its new Board of Directors, chaired by Wael bin Fouad Jamhoum, and the appointment of Sakhr bin Asaad Jamhoum as Managing Director, replacing the CEO Abdul-Salam Bader whose contract was not renewed and who will depart at the end of October 2026. The new board commenced its activities on July 20, 2026, and will continue until July 19, 2029. The board also decided to appoint Sakhr Jamhoum, who holds a master's degree in Engineering Management and a bachelor's degree in Industrial Engineering with over 32 years of experience, as Managing Director until the end of the current term. Additional changes include the appointment of chairpersons for the committees emanating from the board and appointments before regulatory authorities, all aimed at strengthening the company's management and guiding it towards the objectives of Saudi Arabia's Vision 2030.
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