Element List Explanation
Introduction Sumou Real Estate Company announces the Board of Directors' decision dated 30/02/1448H corresponding to 13/08/2026 to form the new-term Audit Committee, commencing from 16/08/2026 until the end of the current Board of Directors' term expiring on 23/12/2028, pursuant to the Board's decision, as follows:
Element List Explanation
Appointed Member Name Mr. Ziad Bassam Al-Bassam
Membership Start Date 2026-08-16 Corresponding to 1448-03-03
Brief Resume of the Appointed Member Mr. Ziad Bassam Mohammed Albassam brings more than 20 years of professional experience across executive management, real estate development, investment, healthcare, and the industrial sector. Throughout his career, he has held a number of senior leadership positions within a diverse range of companies and organizations in the Kingdom of Saudi Arabia.

 

 

Mr. Albassam he is a chairman of Albassam Group . In addition, he holds several chairmanships and memberships on boards of directors and committees across companies operating in the real estate, healthcare, trading, technology, and industrial sectors. These roles have provided him with broad and diversified experience in executive leadership, corporate governance, investment, and business development.

 

Mr. Albassam holds a Bachelor’s degree in Business Administration and has completed a number of specialized professional development programs in financial management, investment, senior management, and strategic planning, further supporting his practical experience and leadership capabilities in managing and developing businesses and investments.
The date of the approval by other official authorities N/A
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Appointed Member Name Mr. Saeed Salem Al-Nahdi
Membership Start Date 2026-08-16 Corresponding to 1448-03-03
Brief Resume of the Appointed Member Mr. Saeed Bin Salem Al-Nahdi possesses over 30 years of professional experience in executive management, real estate development, investment, and the consumer sector. His career has seen him hold numerous senior leadership and executive positions in prominent companies and institutions within the Kingdom of Saudi Arabia, the Kingdom of Bahrain, the Arabian Gulf region, and North Africa.

 

 

He currently serves as CEO and Vice-Chairman of the Board of Directors of Sumou Holding Company, in addition to membership of boards of directors and committees in several investment and real estate companies and institutions.

 

Mr. Al-Nahdi holds a Bachelor's degree in Business Administration from the University of Bahrain, Manama — Kingdom of Bahrain, obtained in 1993.
The date of the approval by other official authorities N/A
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Appointed Member Name Mr. Abdulrahman Ayedh Al-Qahtani
Membership Start Date 2026-08-16 Corresponding to 1448-03-03
Brief Resume of the Appointed Member Mr. Abdulrahman Ayedh Al-Qahtani possesses over 12 years of professional experience in real estate development, investment, and information technology, in addition to expertise in corporate management and institutional oversight. His career has seen him hold several executive positions in entities operating in various sectors within the Kingdom of Saudi Arabia.

 

 

He currently serves as Chairman of the Board of Adeer Real Estate Company and CEO of Sumou Investment, and holds board memberships and committee positions in several joint-stock companies and real estate funds.

 

Mr. Al-Qahtani holds a Bachelor's degree in Financial Management from Prince Mohammed Bin Fahd University, obtained in 2017.
The date of the approval by other official authorities N/A
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Appointed Member Name Mr. Tariq Fathy Samarah
Membership Start Date 2026-08-16 Corresponding to 1448-03-03
Brief Resume of the Appointed Member Mr. Tariq Samarah possesses over 20 years of professional experience in financial management, auditing, investment, and risk management. His career has seen him hold numerous specialized financial positions in the banking, consulting, industrial, and real estate sectors within the Kingdom of Saudi Arabia and the Hashemite Kingdom of Jordan.

 

 

He currently serves as Chief Financial Officer of Sumou Holding Group, having progressed through multiple senior financial positions within the Group since joining in 2017. He previously worked in the banking sector in the Hashemite Kingdom of Jordan, and in auditing at one of the leading international audit firms in the Kingdom of Saudi Arabia which is reflecting extensive accumulated experience in financial management, corporate governance and oversight, and strategic planning.

 

Mr. Samarah holds a Bachelor's degree in Financial Management from Yarmouk University in the Hashemite Kingdom of Jordan, in addition to several international professional certifications in financial management, investments, risk management, and financial and strategic planning from the United States of America.
The date of the approval by other official authorities N/A
Element List Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed 2026-08-13 Corresponding to 1448-02-30

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