Ash-Sharqiyah names Fayez Mahfouz as Acting CEO

24/12/2023 Argaam
Logo ofAsh-Sharqiyah Development Co.

Logo of Ash-Sharqiyah Development Co.

Ash-Sharqiyah Development Co.’s board of directors decided, on Dec. 24, to appoint Fayez bin Saleh bin Mahfouz as Acting CEO effective from Jan. 1, 2024.

 

Mahfouz holds a bachelor’s degree in business administration from King Saud University and has experience in executive management, the company said in a statement to Tadawul.

 

In October, the company's board of directors agreed not to renew the contract term for CEO Mohammed Al-Hojailan, slated to expire on Dec. 31, 2023, according to data compiled by Argaam.

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