Company Overview
Al Rashid Industrial Co. is a Saudi industrial company listed on Nomu, the Saudi Exchange's parallel market. Following a 50 percent capital increase approved by shareholders in June 2026, executed as a one-for-two bonus share issue capitalising SAR 40 million of retained earnings, the company's capital stands at SAR 120 million across 12 million shares.
The company has been building out its manufacturing base, including the purchase of a factory site in the Qassim region for SAR 9.2 million in late 2024. At the June 2026 extraordinary general meeting, shareholders also elected a new board of directors for a three-year term starting 2 July 2026 and authorised the board to distribute interim dividends for 2026 on a quarterly or semi-annual basis.
Recent Leadership News
In July 2026, Al Rashid Industrial named Fahad Al Humaid as chairman, Abdullah Al Eisa as vice chairman and Mohammed Al Humaid as managing director, and formed its audit committee and its remuneration and nomination committee for the new board term.
Facts compiled by Executive Moves from publicly available news and press releases on 9 July 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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