Ash-Sharqiyah Development replaces its CEO

30/10/2014 Argaam

Ash-Sharqiyah Development Company, a foodstuff firm, replaced its chief executive officer Mohamed al-Ghanem effective October 31 for what the company claimed ‘’under -performance and ignoring the board’s strategic plan,’’ the company said in a statement to the Saudi bourse, Tadawul.

 

Mr al-Ghanem was not immediately available for response.

 

Executive board member Mohamed al-Rahma, who obtained his degree from King Fahd University of Petroleum and Minerals, was appointed as interim CEO until further notice.

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