Mohammed bin Salem Musa, who served on the boards of both Saudi Investment Bank and Aldrees Petroleum and Transport Services, has died, according to reports from Argaam, the Saudi stock market news outlet. The news was published on Sunday, September 27, 2026.
Saudi Investment Bank confirmed the death of its board member in a disclosure, Argaam reported. Aldrees separately announced the passing of Musa, who held the position of independent board member at the company, according to Mubasher and other Saudi financial outlets cited in the reports.
Musa held seats on the boards of the two Saudi-listed companies at the time of his death. The announcements did not include further details about the circumstances.
Both companies are listed on the Saudi Exchange, known as Tadawul, where board changes and other material developments are disclosed to the market. The death of a sitting board member at a listed company typically prompts a regulatory filing, and the two announcements followed that pattern.
The reports did not indicate how either board plans to fill the vacant seat or when a successor might be named. Investors will be watching for follow-up disclosures from Saudi Investment Bank and Aldrees on board composition and any resulting changes to committee assignments.
