Riyadh – Mubasher: Alwasail Industrial Company’s board of directors has accepted the resignations of non-executive members Nasser bin Abdullah Al Moushegeh and Abdulaziz bin Abdullah Al Moushegeh.
Both resignations were submitted on 2 September 2026, citing personal circumstances. The departing members had served on the board since 22 December 2024.
In a move to fill the vacancies, the board approved the appointment of Mohammed Essam Mahmoud Zahra as an independent director and Firas bin Samir Alwan Al Biyat as a non-executive director. These appointments became effective on 2 September 2026.
The new members will complete the current board term, which is scheduled to conclude on 21 December 2027.
Zahra brings experience in infrastructure and water sectors, while Al Biyat has a background in investment strategy and business development.
The company stated that these appointments remain subject to approval by the next General Assembly meeting. Alwasail Industrial is listed on the Saudi Exchange's parallel market.
In the January-June 2026 period, Alwasail Industrial logged net profits valued at SAR 13.22 million.
