Al Othaim ends delegation of Acting CEO, names Bader AlAujan as Managing Director

16/10/2022 Argaam
Logo ofAbdullah Al Othaim Markets Co.

Logo of Abdullah Al Othaim Markets Co.

Abdullah Al Othaim Markets Co.'s board of directors accepted, on Oct. 15, the request of Acting CEO Muwaffaq Jamal, dated Oct. 12, to end his delegation as CEO, due to personal commitments, according to a Tadawul statement.   

 

The decision is effective as of today, Oct. 16. He will continue as a member of the board and executive committee. In addition, Jamal's board membership status will be changed from executive to non-executive. 

 

On the other hand, the board approved appointing Vice Chairman Bader AlAujan as Managing Director as of today, to undertake the company’s business until the appointment of a CEO. His board membership will be changed from non-executive to executive.  

 

AlAujan holds a bachelor's degree in Mechanical Engineering from King Saud University (1992), and is a graduate of the International Board of Directors Program - INSEAD, France (2019). He is also Chairman of Al Jouf Agricultural Development Co. (JADCO), and previously held leadership positions in several major companies.   

 

Jamal took over the role of Acting CEO on Dec. 17, 2021, according to data available with Argaam.

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