Logo ofSaudi Industrial Export Co. (Sadirat)
Saudi Industrial Export Co. (Sadirat) set April 9, for its ordinary general meeting (OGM) to vote on the dismissal of board member Saleh Ghadeer Saleh Al-Rasheed, following a request from shareholders holding more than 10% of the company’s capital. 
The company stated on Tadawul that the request to remove the board member was due to:
1. Non-disclosure in Q3 2025 financial statements of certain cases and contracts mentioned in the rights issue prospectus for the company’s capital increase, despite his role on the audit committee.
2. Indirect interest in Nama Chemicals when the board approved a SAR 70 million investment in the FAAD Industrial Fund to acquire a stake in Jubail Chemical Industries Co. (JANA), wholly owned by Nama Chemicals, without disclosing the conflict of interest at the time of the announcement.
According to available data on Argaam, the request follows a letter from shareholders holding over 10% of the capital, asking the company to convene a general assembly to vote on Al-Rasheed’s removal.
Logo ofSaudi Industrial Export Co. (Sadirat)
Saudi Industrial Export Co. (Sadirat) set April 9, for its ordinary general meeting (OGM) to vote on the dismissal of board member Saleh Ghadeer Saleh Al-Rasheed, following a request from shareholders holding more than 10% of the company’s capital.
The company stated on Tadawul that the request to remove the board member was due to:
1. Non-disclosure in Q3 2025 financial statements of certain cases and contracts mentioned in the rights issue prospectus for the company’s capital increase, despite his role on the audit committee.
2. Indirect interest in Nama Chemicals when the board approved a SAR 70 million investment in the FAAD Industrial Fund to acquire a stake in Jubail Chemical Industries Co. (JANA), wholly owned by Nama Chemicals, without disclosing the conflict of interest at the time of the announcement.
According to available data on Argaam, the request follows a letter from shareholders holding over 10% of the capital, asking the company to convene a general assembly to vote on Al-Rasheed’s removal.
