Alsaif Gallery appoints Ahmed Al Sultan as CEO as Muhammad Alsaif resigns

Logo of Alsaif Stores for Development and Investment Co. (Alsaif Gallery) 

Alsaif Stores for Development and Investment Co. (Alsaif Gallery) accepted the resignation of Muhammad bin Suleiman Alsaif (executive board member) from his position as the company's CEO and appointed him as Managing Director on the board of directors, effective Dec. 17, 2024.

In a statement to Tadawul, the company said that the decision aligns with the board’s vision to enhance governance and support the company's strategic directions.

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Alsaif has been entrusted with supervisory and leadership responsibilities, including overseeing the implementation of the company’s strategy and working towards achieving its future goals in coordination with the new executive management, the statement added.

In a separate statement, the Alsaif Gallery announced the appointing of Ahmed Al Sultan as CEO effective Dec. 17, 2024.

The new CEO brings extensive experience in the retail sector, having held numerous leadership positions, most notably serving as executive vice president at Nesk Trading Co. from 2012 to 2018.

He continued his career by assuming the position of CEO of Thob Al Aseel Co. from 2018 to 2024, achieving many notable accomplishments during his tenure, the statement added.

Additionally, Al Sultan has been serving as a member of the board of directors of Alsaif Gallery since 2022, reflecting the significant trust placed in him by leaders in this vital industry, the company indicated, the statement added.