Al-Masafi appoints Adel Jafar as chairman
The Saudi Arabian Refining Company (Sareco) announced the reorganization of the Audit Committee and the appointment of Adel Mamdouh Jafar as its Chairman, following the resignation of Abdulaziz bin Abdulmohsen Al-Baker due to increased commitments and professional responsibilities. The Board of Directors approved the new composition, which includes Khalid Mohammed Al-Hunaiki and Nael Samir Faiz as independent members, with the aim of ensuring continuity of work and oversight in accordance with governance principles. The new formation has been in effect since August 12, 2026, and comes as part of efforts to strengthen supervision and oversight of the company.
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