Appointment of Prince Faisal bin Abdulaziz as president of Al-Fokhariya and Saad Al-Sayyari as his deputy

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The Board of Directors of the Saudi Company for the Production of Clay Pipes (Al-Fukhariya) decided to appoint Prince Faisal bin Abdulaziz bin Faisal Al Saud as Chairman of the Board of Directors, and Dr. Saad Saud Al-Sayyari as Vice-Chairman of the Board and Managing Director, for a new term that extends four years.

The company explained in a statement on Saudi Tadawul on Sunday that Prince Faisal bin Abdulaziz bin Faisal Al Saud holds the position of Chairman of the Board of Directors in his capacity as a non-executive member, while Dr. Saad Saud Al-Sayyari holds the position of Vice Chairman of the Board of Directors and Managing Director in his capacity as an executive member.

She added that the Board of Directors approved the formation of the Nominations and Remuneration Committee, headed by Sulaiman Nasser Jubran Al Hatlan Al Qahtani, in his capacity as an independent member, and the membership of Prince Faisal bin Abdulaziz bin Faisal Al Saud, in his capacity as a non-executive member, and Abdullah Suleiman Al-Dabaan, in his capacity as a non-executive member.

The company's Board of Directors also decided to appoint the Chairman and members of the Audit Committee for the new session, and its formation included Suleiman Nasser Jubran Al Hatlan Al-Qahtani as Chairman of the Committee, in his capacity as an independent member, along with Suleiman bin Ali bin Abdullah Al-Dakhil and Saleh bin Badr Al-Sanea, two independent members.

It was stated in a separate statement on “Saudi Tadawul” that Al-Qahtani has more than 25 years of practical experience in financial consulting, accounting, investment banking, governance, internal control and internal audit, in addition to evaluating companies and mergers and acquisitions. He holds a bachelor’s degree in accounting from King Saud University in 1994, and a master’s degree in accounting from California State University in San Diego, USA in 1998.

As for Suleiman Al-Dakhil, he holds a bachelor’s degree in civil engineering from King Fahd University of Petroleum and Minerals. He has more than 30 years of experience in the pipe industry and the infrastructure sector. He has also held leadership positions in a number of specialized companies, including “Saudi Arabian Amiantit,” “Future Pipes,” “Arab Water Pipeline Company,” and “Al-Nimal Holding Company.”

Saleh Al-Sanea holds a bachelor’s degree in finance from Prince Sultan University, and an executive master’s degree in business administration from the Spanish IE University. He has experience in financial planning, governance, strategic management, financial and investment consulting, and corporate evaluation, in addition to preparing budgets and financial reports, managing performance, and supporting decisions at the board level.

The company stated that the appointment decision was issued during the Board of Directors meeting held on October 18, 2026, provided that membership in the committee takes effect from the same date, and continues until the end of the Board session on October 17, 2030.