Riyadh — Mubasher: Tabuk Agricultural Development Company (TADCO) disclosed that its board of directors has approved a comprehensive restructuring of its leadership and internal committees, according to a bourse filing.
Under the new appointments, Matar Ali Ahmed Al Zahrani will transition from his current role as Vice Chairman to become the non-executive Chairman of the Board.
Additionally, Walid Mohammed Ali has been named Vice Chairman, moving from his previous position as a regular board member.
The restructuring will take effect on 27 November 2026, involving the reorganization of several key oversight bodies.
Al Zahrani will lead the Executive Committee, supported by members Nasser Dhaifallah Al Rahili, who has recently become the CEO and Managing Director of TADCO, and Abdullah Hamoud Falah Al Harbi.
The Strategy and Investment Committee will be chaired by Walid Mohammed Ali, with Abdullah Yousef Al Yousef and Wasmiya Wasmi Al Kulaib serving as members.
TADCO confirmed that Al Zahrani will step down from his role on the Audit Committee, with a separate announcement regarding that committee's new formation to follow.
These administrative changes are slated to remain in effect until the conclusion of the current board term on 11 August 2028.
The company further noted that the reshuffle aims to enhance governance standards and operational supervision.
