Governance — Riyadh Cement Annual Report 2025

Board of Directors

Mr. Salah bin Rashed Al-Rashed

Chairman of the Board

Non-Executive

Nomination & Remuneration Committee Member

Academic Qualifications

Bachelor's in Civil Engineering, University of Washington, USA (1977).

Professional Experience

General Manager, Rashid Al Abdulrahman Al-Rashed & Sons Company (1977–present).
Chairman, Board of Directors, Riyadh Cement Company (2016–present).

Memberships in Other Boards

Chairman: Arab National Bank (2017–present); Technical Investments Co. (2016–present); Al-Rashed A. Betong Co. (2015–present); Trade & Contracting Co. (2016–present); Golden Chicken Farms Co. (2013–present); Saudi Electrical Business Services Co. (2013–present); Care & Medical Sciences Co. (2015–present); Al-Rashed & Al-Omran Co. (1970–present).
Board Member: Gulf Applications Co. (2007–present); Imdad Solutions for Information Technology (2014–present); Al-Yamama Medical Co. (2010–present); Al-Malz Financial Co. (2008–present).

Eng. Khaled bin Abdullah Al-Melhem

Vice Chairman

Non-Executive

Nomination & Remuneration Committee Member

Academic Qualifications

B.Sc. in Engineering Management, University of Evansville, USA (1981).
B.Sc. in Electrical Engineering, University of Evansville, USA (1981).

Professional Experience

Vice Chairman, Board of Directors, Riyadh Cement Company (2016–present).
General Manager, Saudi Arabian Airlines (2006–2014).
Chief Executive Officer, Saudi Telecom Company (2001–2006).
Vice President of Finance, Saudi Telecom Company (1998–2001).
Chief Executive Officer, Almarai Dairy Company (1997–1998).
Various senior positions, Saudi British Bank (SABB): Senior Manager – Retail Banking; Executive Director – Investment Banking; Regional Manager; Executive Director – Investment (1989–1997).
Head of Task Force, Saudi Industrial Development Fund (1983–1989).
Engineer, King Abdulaziz Airbase – Royal Saudi Air Force (1981–1983).

Memberships in Other Boards

Board Member: MBC Group; Kadana Development and Real Estate; Al-Aqeer Development Co.; Al-Awwal Investment Co.

Dr. Nasser bin Fadl Aqeel

Board Member

Non-Executive

Academic Qualifications

Ph.D., Civil Engineering, University of Colorado Boulder, USA (1989).
M.Sc., Civil Engineering – Construction Engineering & Management, University of Colorado Boulder, USA (1985).
B.Sc., Civil Engineering – Construction Engineering & Management, King Saud University, Saudi Arabia (1981).

Professional Experience

CEO, Riyadh Cement Company (1997–2016).
General Manager, Riyadh Cement Company (2006–2011).
Coordinator, Engineering Management Sector & Member, Training Board, Institute of Public Administration (1989–1995).
Graduate Researcher, University of Colorado Boulder (1987–1989).
Teaching Assistant, University of Colorado Boulder (1981–1982).

Memberships in Other Boards

Chairman, Board of TOWA Development Company (to present).

Eng. Mohammed bin Khalifa Al-Melhem

Board Member

Independent

Nomination & Remuneration Committee Chairman

Academic Qualifications

Master's in Banking & Finance, Queen Mary University of London (2011).
Bachelor's in Civil Engineering, Concordia University (2014).

Professional Experience

Civil Engineer, Aramco (2014–2017).
Business Development Manager, Modular Concrete Buildings Systems Company (2017–present).

Memberships in Other Boards

Al-Etefaq Steel Company; Advanced Petrochemical Company; Al-Jazeera Support Services Company.

Mr. Abdullah bin Ateeq Al-Fawaz

Board Member

Independent

Academic Qualifications

Master's in Law, Indiana University (1988).
Bachelor's in Law, King Saud University (1985).

Professional Experience

Legal Advisor, Expert Committee of the Council of Ministers (1988–2016).

Memberships in Other Boards

Chairman, Board of Directors, Faza Industrial Company.

Mr. Fahad bin Hizam Al-Nabit

Board Member

Non-Executive

Academic Qualifications

Bachelor's in Law, King Saud University, Saudi Arabia (1992).

Professional Experience

General Manager: Heritage Buildings Company (2018–present); National Food Investment Company (1998–present); Mawarid Holding Company (1997–present).

Memberships in Other Boards

None disclosed.

Dr. Fahd Saleh Hamad Al-Humaidah

Board Member

Independent

Audit Committee Chairman

Academic Qualifications

PhD in Financial Markets, University of Reading, United Kingdom (2015).
Master's in Investment Management, University of London, United Kingdom (2005).
Bachelor's in Financial Sciences, King Fahd University of Petroleum & Minerals, Kingdom of Saudi Arabia (2003).

Professional Experience

Deputy Minister of Economy and Planning for Strategic Planning and Institutional Excellence (since May 2023 to date).
Senior Advisor to the Minister of Economy and Planning (since November 2022).
Advisor to H.E. the Minister of Finance, Director of the Advisory Department, and Head of the Advisory Team to H.E. the Minister of Finance (2017–2022).
Held multiple positions at the Saudi Arabian Monetary Authority (SAMA) (now the Saudi Central Bank), including Investment Advisor and Head of Fixed Income and Alternatives (2006–2016).
Board Member, Saline Water Conversion Corporation (2003–2004).
Teaching Assistant and Assistant Lecturer, King Fahd University of Petroleum & Minerals (2003–2004).

Memberships in Other Boards

Sustainability Holding Company — Board Member (Independent).
National Center for Social Studies and Research — Board Member (Independent).

Dr. Sultan bin Saad Al-Owais

Secretary of the Board of Directors

Academic Qualifications

Ph.D. in Media (Public Relations), Imam Muhammad bin Saud Islamic University (2025).
Master's in Media (Public Relations), IMSIU (2016).
Higher Diploma in Business Administration, IMSIU (2012).
Bachelor's in Media, King Saud University (2007).

Professional Experience

Secretary of the Board of Directors, RCC (2023–present).
Public Relations Manager, RCC (2023–present).
Director of Media Affairs, Riyadh Municipality (2021–2023).
Public Relations Manager, Municipal Council (2016–2021).
Media Officer, Public Relations Department, Riyadh Municipality (2007–2016).

Memberships in Other Boards

Board Member, Saudi Public Relations & Advertising Association (2023–present).

Board Committees

Audit Committee

Dr. Fahd Saleh Hamad Al-Humaidah

Board Member · Non-Executive

Dr. Abdullah Saghir Al-Husseini

Member (from outside the Board)

Mr. Mohammed Abdulaziz Al-Shaya

Member (from outside the Board)

Mr. Abdullah bin Ateeq Al-Fawaz

Board Member · Independent

Nomination & Remuneration Committee (NRC)

Eng. Mohammed bin Khalifa Al-Mulhem

Committee Chairman · Independent – Board

Mr. Salah bin Rashed Al-Rashed

Member · Non-Executive – Board

Eng. Khaled bin Abdullah Al-Melhem

Member · Non-Executive – Board

Fahad bin Hizam Al-Nabit

Member · Non-Executive – Board

Audit Committee — External Members' Profiles

Dr. Abdullah bin Sagheer bin Mohammed Al-Hussaini

— Audit Committee Member (external)

Academic qualifications

· Ph.D. in Financial Accounting & Auditing, University of Kent (2015).
· Master's in Accounting, King Saud University (1997).
· Bachelor's in Accounting, King Abdulaziz University (1995).

Professional experience

· Professor of Accounting & Auditing — Dean, Prince Sultan University (2010–present).
· Financial Management / HR Management (2005–2010).
· Financial & Administrative Consulting — Zakat and Taxes (2000–2005).
· Accounting & Auditing roles (1990–2000).
· Chairman, Board of Directors, Faza Industrial Company (1437–1443 AH).

Mr. Mohammed bin Abdulaziz bin Abdulrahman Al-Shaya

— Audit Committee Member (external)

Academic qualifications

· Certified Internal Auditor (CIA), IIA (USA, 2003).
· SOCPA (Saudi Organization for Certified Public Accountants, 2000).
· CPA (AICPA, USA, 1999).
· Bachelor's in Accounting, Imam Muhammad bin Saud Islamic University (1990).
· Master's in Accounting, University of Illinois (1998).

Professional experience

· Chairman of the Board, SAB Takaful.
· Chief Executive Officer, Medgulf Insurance Company.
· General Manager, Supervision of Financing Companies, Saudi Central Bank (SAMA).

Executive Management

Eng. Shoeil Jarallah Al Ayed

Chief Executive Officer

Academic qualifications

· Master's in Engineering Management, Florida Institute of Technology (1985).
· B.Sc. in Physical Engineering, Jacksonville University (1983).
· B.Sc. in Electrical Engineering, Jacksonville University (1983).

Professional experience

· CEO, Riyadh Cement Company (2017–present).
· CEO, Sabic Steel (2013–2016).
· Vice President, Southern Cement Company (2010–2013).
· General Manager, Hif Southern Region (2007–2010).
· Distribution Engineering Manager, Saudi Electricity Company – Southern Region (2005–2007).
· Electrical Manager, Saudi Electricity Company – Asir Region (2003–2005).
· Distribution & Transmission Manager, Saudi Electricity Company – Asir Region (1987–2003).
· Project Engineer, Saudi Electricity Company (1985–1987).
· Chairman, National Steel Committee, Council of Saudi Chambers (2014–2016).

Other affiliations

· Vice Chairman, First Copper Company (2016–present).
· Board Member, Rummat Company (2023–present).
· Board Member, National Company for Metal Recycling (2013–2016).

Mr. Muhannad Muhammad Melhem

Chief Financial Officer

Academic qualifications

· Master's in Accounting, Arab Academy for Banking and Financial Sciences (Jordan, 2006).
· Bachelor's in Accounting, Al-Zaytoonah University (Jordan, 2003).

Professional experience

· Director of Financial Management / CFO, Riyadh Cement Company (2018–present).
· Financial Manager, Umm Al-Qura Cement Company (2016–2018).
· Financial Manager, Northern Cement Company (2012–2016).
· Financial Manager, Fawaz Al-Hokair Company (2008–2012).

Eng. Girish Kumar

Plant Manager

Academic qualifications

· Executive MBA, CMJ University, India.

Professional experience

· 28+ years in cement and lime industry.
· Factory Manager, Riyadh Cement Company (2024–present).
· Former Head of Manufacturing at multiple global cement companies: ARM Cement; FLSmidth O&M; Kanodia; UltraTech Cement; Lafarge Cement; Ambuja Cement; Andhra Cement; Pioneer Cement; JP Cement.