Saudi Advanced Industries Company announces the decision of the Board of Directors on 11-20-2022 AD to assign His Excellency the Managing Director, Mr. Musa bin Abdullah Al-Ruwaili, with the duties of the CEO and to give him all administrative and financial powers. The Board of Directors also agreed to transfer the services of His Excellency the CEO, Mr. Mohammed Bin Abdulaziz ALShetwey from his position as CEO to an advisor to His Excellency the Managing Director of the Board of Directors with the same nature of work and the same administrative level, and this decision takes effect as of 11-20-2022 AD.

It is worth noting that Mr. Musa bin Abdullah Al-Ruwaili has administrative and investment experience of more than 20 years and holds a bachelor’s degree from King Saud University and is a member of the board of directors of several public joint stock companies. The Board of Directors wishes the Managing Director, Mr. Musa bin Abdullah Al-Ruwaili, all success in his upcoming duties.