Riyadh - Mubasher: Saudi Advanced Industries Company (SAIC) has appointed Abdullah Mohammed Al Homaidi as the board’s Chairman for the next four years.

Mohammed Shbeeb Al Mutlaq was named as the Vice Chairman, according to a bourse disclosure.

The two officials held their positions for a new board term that commenced on 25 June 2025.

In the first quarter (Q1) of 2025, SAIC recorded 95.17% year-on-year (YoY) lower net profits at SAR 5.25 million in the first quarter (Q1) of 2025, compared to SAR 108.72 million.