Riyadh — Mubasher: Sadr Logistics Company announced that the board of directors has accepted the resignation of Chairman Mohammed Abdullah Al Samaani from his position and board membership to be effective as of 22 October 2026.
The non-executive Chairman, who originally joined the board on 16 September 2024, cited personal reasons for his departure, according to a bourse filing.
In a subsequent move to reorganize its leadership, the board approved the appointment of Bandar Mohammed Al Samaani as the new Chairman of the Board.
Prior to this appointment, the new Chairman served as a board member, Vice Chairman, and Managing Director. His tenure as Managing Director has been terminated effective 22 October 2026 to facilitate his transition to the chairmanship.
Additionally, the board appointed Khalid Abdulaziz Al Bakri, an independent board member and head of the Remuneration and Nominations Committee, as Vice Chairman.
Both leadership appointments are effective immediately and will continue until the end of the current board term on 15 September 2028.
Sadr Logistics expressed its gratitude to the outgoing chairman for his contributions to the firm's strategic objectives and growth during his leadership period.
