Saudi Advanced Industries Company (SAIC) named Abdullah Muhammad Al Humaidhi as the new Chairman of the board instead of Youssef Muhammad Al Qafari, who remained a board member. Saudi Advanced Industries Company (SAIC) appointed Abdul Rahman Nasser Al Obaid as the Vice Chairman Abdullah Sulaiman Al Juraish was announced as the new Managing Director as well as Acting CEO of SAIC. Al Juraish succeeded Musa Abdullah Al Ruwaili, whose assignment was terminated on 18 January 2023.

The new Acting CEO holds master's and doctorate degrees in commercial law, with an experience in administrative and investment business.