| Element List | Explanation |
|---|---|
| Introduction | the introduction: |
Wafrah for Industry and Development Company announces that the Board of Directors has approved the request of the CEO, Dr. Mohammad Abdulaziz Al-Fadhli, to accept his unwillingness to renew his contract, with this effective starting from April, 1,2024.
The Board of Directors also approved the appointment of Engineer Riyan Mohammed Al-Mansour to the position of CEO, based on the recommendation of the Remuneration and Nominations Committee.
The Board of Directors extended its thanks and appreciation to Dr. Mohammad Abdulaziz Al-Fadhli for his efforts to promote the company during his tenure as CEO, wishing him success.
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Mohammad Abdulaziz Al-Fadhli |
| Resignation Acceptance Date | 2024-03-21 Corresponding to 1445-09-11 |
| Resignation Effective Date | 2024-04-01 Corresponding to 1445-09-22 |
| Reasons for Resignation | unwillingness to renew his contract |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Riyan Mohammed Al-Mansour |
| Date of Board Resolution | 2024-03-21 Corresponding to 1445-09-11 |
| Date Work Commencement | 2024-04-01 Corresponding to 1445-09-22 |
| Brief Resume | Engineer Riyan Mohammed Al-Mansour possesses practical experience in executive leadership and operational roles spanning over twenty years in the industrial and investment sectors. Throughout his career, he has contributed to strategic planning, process improvement, and business development. |
He holds a bachelor's degree in electrical engineering from King Fahd University of Petroleum and Minerals in 2003, as well as a master's degree in business administration from Qassim Universi ty. Additionally, he has passed Capital Market Examination (CME_1)
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