Riyadh — Mubasher: Aqaseem Factory for Chemicals and Plastics Company has appointed Saeed bin Ajiman bin Mohammed Al Qahtani to a vacant seat on its board of directors.
The decision was made during a board meeting held on 7 October 2026, with the membership term officially beginning on 8 October.
Al Qahtani joins the board as an independent member, bringing over 15 years of experience in the banking and financial sectors. His professional background includes expertise in corporate finance, portfolio development, business growth, and financial solutions.
He has also held leadership roles in team management, banking operations, governance, compliance, and risk management.
Al Qahtani holds a diploma in accounting along with several professional certifications in risk and compliance management.
The company stated that the board's approval of the appointment is not final. The selection will be presented at the next general assembly meeting for formal shareholder ratification.
In the first half (H1) of 2026, the company suffered net losses valued at SAR 1.06 million, against a net profit of SAR 1.93 million in H1-25.
