SAIC board dismisses Acting Managing Director

Logo of Saudi Advanced Industries Co. (SAIC) 

Saudi Advanced Industries Co.’s (SAIC) board approved today, Dec. 3, the dismissal of Acting Managing Director Abdullah Al-Juraish from his position, while continuing as a non-executive board member, the company said in a statement to Tadawul.

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Last September, the company’s board approved the resignation of Abdullah Al-Juraish from his position as Acting CEO, due to personal reasons. It also gave a nod to the appointment of Khalid Abu Khadra as CEO, effective from Oct. 13, 2024.

On Jan. 18, 2023, SAIC’s board terminated the appointment of Acting Managing Director Mousa Al-Ruwaili and appointed Abdullah bin Suleiman Al-Juraish as Managing Director and Acting CEO.