Riyadh – Mubasher: Saudi Azm for Communication and Information Technology Company has announced significant updates regarding the formation of its Audit Committee and the Nomination and Remuneration Committee.

Following a Board of Directors resolution passed on 2 July 2026, the company has appointed Ahmed bin Abdulaziz Al Haqbani to key positions within its governance framework. These appointments are intended to strengthen the company’s oversight functions and align with its strategic objectives for the current board term ending 21 June 2030.

The disclosure, which serves as an update to a previous announcement made on 30 June 2026, details the integration of high-level executive expertise into Saudi Azm’s internal committees.

The Board of Directors has formally appointed His Excellency Ahmed bin Abdulaziz Al Haqbani as an independent member of the Audit Committee. His membership became effective on 2 July 2026, and will continue until the conclusion of the present board cycle in mid-2030.

Al Haqbani brings an extensive professional background to Saudi Azm, characterized by leadership roles across both the public and private sectors in Saudi Arabia. His career spans several critical industries, including information technology, financial technology, foreign trade, customs, and exports.

Notable previous positions held by Al Haqbani include serving as the Governor of the General Authority of Customs, Deputy Minister of Commerce and Investment for Foreign Trade, and Secretary-General of the Saudi Export Development Authority.

Since 2021, he has served as the CEO of Simplified Financial Solutions Company. His academic credentials include a Bachelor’s degree in Information Systems from King Saud University and a Master of Business Administration from INSEAD in France.

In addition to his role on the Audit Committee, the Board has appointed Al Haqbani to lead the Nomination and Remuneration Committee as its Chairman. This appointment has resulted in a formal restructuring of the committee to ensure a balanced distribution of expertise.

The newly reconstituted Nomination and Remuneration Committee now comprises four members: Ahmed bin Abdulaziz Al Haqbani as Chairman, alongside committee members Haitham Naeem Hanoun, Rawan bint Hisham Al Sharhan, and Hamdi Bata.

The company confirmed that there are no financial costs associated with these administrative appointments and committee restructurings.

The move is part of the company's ongoing commitment to maintaining robust corporate governance standards by utilizing independent expertise to oversee financial reporting, internal controls, and executive compensation policies.