Back to Markets
Commodities● Neutral
Waja Appoints Independent Director with SABIC, SIDF Background
Waja replaces outgoing independent director with Majed Al Issa, a former SABIC and SIDF executive. The appointment must be ratified at the next general meeting.
Continue with
Riyadh – Waja replaced an independent board member who resigned for personal reasons, appointing a former SABIC and SIDF executive with more than 24 years of industrial and financial experience. The change took effect July 2, 2026, and must be ratified at the next general shareholder meeting.
Sultan Ahmed Al Mousa submitted his resignation June 30, citing personal reasons. He had served as an independent director since March 2024. The board accepted the resignation and expressed gratitude for his tenure, according to a regulatory filing on the Saudi Exchange. The current board cycle runs through March 2028.
To fill the vacancy, the board appointed Majed Abdullah Al Issa. His term began immediately on July 2 and will last until the end of the current session on March 23, 2028. The appointment is not yet final under Saudi corporate governance rules; shareholders must vote on it at the next general assembly, the filing said.