Riyadh - Mubasher: Ratio Speciality Company for Trading has reshaped its board and Audit Committee following a series of resignations and new appointments, according to a bourse filing.

The board approved the resignation of Acting Chairman and Audit Committee member, Abdullah Khalid Al Shuaibi, from his membership in the Audit Committee, effective 30 May 2026.

These changes come after the earlier departures of former Chairman, Fares Ibrahim Al Rashed Al Humaid, as well as board member Ahmed Abdullah Al Thani.

Meanwhile, their exits left key vacancies across the company’s leadership structure.

In response, the board appointed Mohammed Abdul Rab Al Rasoul Al Kharas as an independent member of the board and the Audit Committee, effective 31 May 2026. 

Al Kharas' appointment fills the vacancy created by the resignation of Al Humaid and the Audit Committee vacancy left by Al Shuaibi.

The Saudi company also appointed Abdulaziz Salah Al Arfaj to the board of directors, effective 10 June 2026, to fill the seat vacated by Al Thani.

Those appointments were made based on the recommendation of the Remuneration and Nominations Committee and will remain effective until the end of the current board term on 10 March 2028.