SAIC appoints Khalid Abu Khadra as CEO

Logo of Saudi Advanced Industries Co. (SAIC)

Saudi Advanced Industries Co.’s (SAIC) board of directors approved, on Sept. 23, the appointment of Khalid bin Saeed Abu Khadra as CEO, effective from Oct. 13.

In a statement to Tadawul, the company said that Abu Khadra has long and diverse professional experience spanning over 18 years in the fields of investment, as well as management of portfolios, liquidity, and financial positions.

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Abu Khadra started his career in the banking sector with leading banks in Saudi Arabia, where he held executive leadership positions, in which he led efforts to develop and implement innovative investment strategies and apply risk management, effectively to ensure sustainable financial performance.

His latest position was General Manager of Investment in the Treasury at Alinma Bank. Meanwhile, he also held the position of Director of the Investment in the Treasury at Al Rajhi Bank.

The new CEO holds a bachelor’s degree from King Saud University in financial management as well as professional certificates and courses in the fields of leadership and management, the statement added.

According to data compiled by Argaam, SAIC’s board of directors approved, on Sept. 5, the resignation of Abdullah Al-Juraish from his position as Acting CEO, due to personal reasons.