| Element List | Explanation |
|---|---|
| Introduction | Morabaha Marina Financing Company announces that its Board of Directors has resolved to appoint Mr. Khalid bin Sulaiman Al-Jasser as Chief Executive Officer of the Company, after obtaining the non-objection of the Saudi Central Bank, and to terminate the assignment of the Acting Chief Executive Officer, Mr. Yousef bin Abdullah Al-Yousef, who will continue to perform his original duties as Chief Financial Officer of the Company. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Yousef bin Abdullah Al-Yousef |
| Resignation Acceptance Date | 2025-10-16 Corresponding to 1447-04-24 |
| Resignation Effective Date | 2025-12-01 Corresponding to 1447-06-10 |
| Reasons for Resignation | Termination of his assignment as Acting Chief Executive Officer. |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Khalid bin Sulaiman Al-Jasser |
| Date of Board Resolution | 2025-10-16 Corresponding to 1447-04-24 |
| Date Work Commencement | 2025-12-01 Corresponding to 1447-06-10 |
| Brief Resume | Khalid bin Sulaiman Al-Jasser is a banking and executive leader with more than thirty years of experience in institutional transformation, corporate governance, and business development. He has held senior leadership positions at Bank Albilad, Arabian Centres Company, and Saudi Real Estate Company, and has served as Chairman of the Board of STC Pay. He holds academic qualifications and has completed executive programs from renowned international institutions. |
The Board of Directors has expressed its best wishes to him for success in his new role.
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