The board of SRMG announced in its meeting held yesterday the resignation of the company's chairman Prince Faisal bin Salman (executive-member) who was recently installed as governor of Al-Madinah province, the company said in a filing to Tadawul.

At the meeting, the board members acknowledged Prince Faisal's efforts in leading SRM to achieve numerous important accomplishments during his 10 years tenure. It added that the board of SRMG appointed Prince Turki bin Salman as a new chairman (executive-member), the appointment will be put up for approval at the next ordinary general assembly meeting. Prince Turki was born in Riyadh in 1987. He holds a bachelor degree in marketing from KSU, he has experience in business and currently the chairman of  Tharawat Holding Company.

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