Saudi Industrial Export Company shareholders will vote on dismissing board member Saleh Ghodaier Saleh Al-Rashaid at the April 9 general assembly meeting. The dismissal request, filed by shareholders holding over 10 percent of capital, cites non-disclosure of legal cases in third quarter 2025 financial statements and an undisclosed conflict of interest regarding a 70 million Riyal investment in FAAD Industrial Fund. Al-Rashaid allegedly failed to reveal his indirect interest in Nama Chemicals Company when the board decided to invest in Jana Company, which is wholly owned by Nama Chemicals. The meeting will be held at company headquarters in Riyadh and via the Tadawulaty Platform. Shareholders registered before the meeting can attend and vote. A quorum requires at least one-quarter of share capital represented.
