Saudi Company for Hardware (SACO) Announces the Appointment of Audit Committee Members

Element List	Explanation
Introduction	Saudi Company for Hardware (SACO) is pleased to announce that its Board of Directors, at its meeting held on 20/07/2026, resolved to form the Audit Committee for the new Board term, which commenced on 20/07/2026 and will continue for a period of three years ending on 19/07/2029, as follows: 1- H.E. Eng. Abdullah Yahya Al-Mouallimi (Non-Board Member) – Chairman. 2- Mr. Rehab Bakhsh (Non-Executive) – Member. 3- Mr. Ghassan Amoudi (Independent) – Member. 4- Dr. Ahmed Al-Saqqaf (Non-Board Member) – Member. 5- Ms. Layan Banaja (Non-Board Member) – Member.

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Explanation

Introduction

Saudi Company for Hardware (SACO) is pleased to announce that its Board of Directors, at its meeting held on 20/07/2026, resolved to form the Audit Committee for the new Board term, which commenced on 20/07/2026 and will continue for a period of three years ending on 19/07/2029, as follows:

1- H.E. Eng. Abdullah Yahya Al-Mouallimi (Non-Board Member) – Chairman.

2- Mr. Rehab Bakhsh (Non-Executive) – Member.

3- Mr. Ghassan Amoudi (Independent) – Member.

4- Dr. Ahmed Al-Saqqaf (Non-Board Member) – Member.

5- Ms. Layan Banaja (Non-Board Member) – Member.

Element List	Explanation
Appointed Member Name	H.E. Eng. Abdullah bin Yahya Al-Mouallimi
Membership Start Date	2026-07-20 Corresponding to 1448-02-06
Brief Resume of the Appointed Member	He has more than five decades of leadership, administrative, and diplomatic experience, during which he held numerous executive and leadership positions in both the public and private sectors, including serving as a member of the Shura Council, Mayor of Jeddah, Ambassador of the Kingdom of Saudi Arabia to the Kingdom of Belgium and the European Union, and the Kingdom’s Permanent Representative to the United Nations. He holds a Bachelor’s degree in Chemical Engineering from Oregon State University and a Master’s degree in Management from Stanford University. He also possesses extensive experience in governance, management, and institutional leadership
The date of the approval by other official authorities	N/A

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Appointed Member Name	Mr. Rehab Bakhsh
Membership Start Date	2026-07-20 Corresponding to 1448-02-06
Brief Resume of the Appointed Member	He serves as the Managing Director of Rakaez Al-Aamal Company, Deputy Trustee of the Abdullah Taha Bakhsh Endowment, and a member of the Board of Managers of Jeddah Economic Company. He has extensive experience in governance, asset management, real estate development, and investments. He holds a Bachelor's degree in Business Administration, Digital Innovation and Entrepreneurship from Bayes Business School, City St George's, University of London.
The date of the approval by other official authorities	N/A

Element List	Explanation
Appointed Member Name	Mr. Ghassan Amoudi
Membership Start Date	2026-07-20 Corresponding to 1448-02-06
Brief Resume of the Appointed Member	Ghassan Al-Amoudi is a highly accomplished executive with over 30 years of successful experience in leadership in the financial industry and investment sectors. With a strong focus on strategic planning, operational management, and building valuable relationships, he has consistently delivered exceptional results throughout his career. ‏‏‏ During this period, he became a member of prestigious boards. He also possesses extensive experience in corporate governance, risk management, and board committees, Ghassan held prestigious positions at renowned companies globally and regionally. He holds a Bachelor's degree in Business Administration from the American University in Los Angeles, California, and has completed executive education programs at Harvard Business School, IMD Business School, and INSEAD
The date of the approval by other official authorities	N/A

Element List	Explanation
Appointed Member Name	Dr. Ahmed Al-Saqqaf
Membership Start Date	2026-07-20 Corresponding to 1448-02-06
Brief Resume of the Appointed Member	He has professional experience in the fields of accounting, auditing, and financial consulting. He is a Certified Public Accountant (CPA), an Accredited Business Valuer, a Bankruptcy Expert and Trustee, and a Certified Financial Consultant. He holds a Ph.D in accounting in Accounting, a Master's Degree in Accounting, and a Bachelor's Degree in Accounting. He is also a Fellow of the Saudi Organization for Certified Public Accountants (SOCPA), the American Institute of Certified Public Accountants (AICPA), and the Saudi Business Valuation Association.
The date of the approval by other official authorities	N/A

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Appointed Member Name	Ms. Layan Banaja
Membership Start Date	2026-07-20 Corresponding to 1448-02-06
Brief Resume of the Appointed Member	She has over 11 years of professional experience in financial management, financial reporting, financial planning and analysis, and corporate performance management. She currently serves as the Director of Management Reporting and Analytics at Sela, and previously held roles at the Saudi National Bank (SNB). She holds a Master’s degree in Finance and Accounting and a Bachelor’s degree in Banking and Finance.
The date of the approval by other official authorities	N/A

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2026-07-20 Corresponding to 1448-02-06