Hamad Bin Saedan Real Estate announces Audit Committee Chairman

HAMAD BIN SAEDAN REAL ESTATE
9648 -0.75% 5.30 -0.04

Riyadh – Mubasher: Announcement of Hamad Mohammed Bin Saedan Real Estate Company has announced the appointment of Mohammed bin Abdulmohsen Al Assaf as the Chairman of its Audit Committee.

The appointment of Al Assaf will become effective on 30 May 2026, according to a bourse filing.

The decision, which was finalized by the board of directors through a resolution by circulation on 20 May 2026, introduces a seasoned financial executive to lead the company’s oversight and governance functions.

Al Assaf brings over two decades of experience in financial leadership and corporate governance to the role, marking a significant reinforcement of the company’s internal controls and strategic financial management.

As the newly appointed Chairman of the Audit Committee, Al Assaf will play a pivotal role in supervising the integrity of the firm’s financial reporting, monitoring the effectiveness of internal audit processes, and ensuring adherence to the regulatory frameworks governing listed companies in the Saudi market.

Al Assaf possesses a robust academic and professional foundation that aligns with the technical requirements of the Audit Committee. He earned a Bachelor’s degree in Accounting from King Saud University and is a recognized fellow of the Saudi Organization for Chartered and Professional Accountants (SOCPA).

Moreover, his professional career spans more than twenty years, characterized by senior leadership roles in major Saudi and regional organizations. Al Assaf previously served as the Chief Financial Officer (CFO) for the Saudi Arabian Military Industries (SAMI), where he managed complex financial structures within the defense sector.

Al Assaf also has experience in significant tenures in the telecommunications industry, having served as the CFO for stc Group in Saudi Arabia and stc Kuwait. These roles required extensive oversight of multi-jurisdictional financial operations and the management of large-scale corporate budgets.

Source: Mubasher Source: {{details.article.source}}