Riyadh – Mubasher: Saudi Azm for Communication and Information Technology Company has officially confirmed the appointment of its leadership team and the reconstitution of its primary board committees for its second organizational term.
Following the results of the Extraordinary General Meeting held on 11 June 2026, the company’s Board of Directors convened on 29 June 2026 to finalize the selection of the Chairman, Vice Chairman, and Managing Director, alongside the formation of specialized committees to oversee governance and remuneration through 2030.
The newly announced appointments mark the commencement of the board’s second four-year cycle, which officially began on 22 June 2026 and is scheduled to conclude on 21 June 2030.
In its recent session, the Board of Directors elected Engineer Majed bin Saad Al Osaimi to serve as the Chairman of the Board in a non-executive capacity. Supporting the leadership transition, the board appointed Ahmed bin Abdulaziz Al Haqbani as Vice Chairman, serving as an independent member.
To ensure executive continuity and strategic implementation, Ali bin Mohammed Al Balla has been appointed as the Managing Director, an executive role within the board structure. Furthermore, the board designated Mazoon bint Mohammed Al Badaiwi as the Secretary of the Board of Directors, a move aimed at maintaining administrative and regulatory standards during the new term.
In addition to leadership roles, Saudi AZM detailed the restructuring of its Nominations and Remuneration Committee.
This committee will be chaired by Hamdi Bata, an independent member, and includes Haitham Naeem Hanoun as a non-independent member and Rawan bint Hisham Al Sharhan as an independent member.
Khalid bin Walid Al Othman was appointed as the secretary for this committee. The board noted that these committee appointments are effective immediately and will remain in force until the end of the current board term in June 2030.
Regarding the Audit Committee, the company clarified that the details of its reconstitution will be disclosed in a separate announcement. This phased disclosure approach is intended to ensure full compliance with the specific regulations and policies issued by the Capital Market Authority (CMA).
The board also finalized the appointment of the company’s official representatives to the CMA and the Saudi Stock Exchange (Tadawul). These representatives are tasked with ensuring the company fulfills all regulatory requirements and maintains transparent communication with market regulators for all purposes related to the application of the Capital Market Law and its implementing regulations.
