IssuerAnnouncementDetailsV2Portlet
Actions
National Industrialization Co. Announces Resignation and Appointment of a CEO
| Element List | Explanation |
|---|---|
| Introduction | National Industrialization Company announces its Board of Directors resolution dated 6 March 2024G corresponding to 25 Shaaban 1445H, to accept the resignation of Eng. Mutlaq Hamad AL-Morished from his position as CEO of the Company to retirement. The resignation will be effective from 31 March 2024G corresponding to 21 Ramadan 1445H. The Board and all the Company’s employees would like to express their sincere gratitude and appreciation to Eng. Mutlaq AL-Morished for his role and exceptional efforts in improving the performance of the Company during his presidency, wishing him all the best of luck and success. The Board has also resolved to appoint Mr. Fawaz Mohammad Al-Fawaz as the CEO of the Company starting from 01 April 2024G corresponding to 22 Ramadan 1445H. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Eng. Mutlaq AL-Morished |
| Resignation Acceptance Date | 2024-03-06 Corresponding to 1445-08-25 |
| Resignation Effective Date | 2024-03-31 Corresponding to 1445-09-21 |
| Reasons for Resignation | Retirement |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Mr. Fawaz Mohammed Al-Fawaz |
| Date of Board Resolution | 2024-03-06 Corresponding to 1445-08-25 |
| Date Work Commencement | 2024-04-01 Corresponding to 1445-09-22 |
| Brief Resume | Mr. Al-Fawaz has over 30 years of experience in the Global petrochemical industry and worked as the Chief Financial Officer (CFO) for TASNEE since April 2015. Mr. Al-Fawaz holds a Bachelor’s degree in Accounting from King Saud University and has various post graduate certifications from leading international institutions in areas such as Strategic Finance, Merger & Acquisition, Corporate Risk & Governance and Leadership. He is also the chairman of the board for Saudi Logistics Company (SAL), and a board member of Saudi Chemical Holding Company and Industrialization and Energy Services Company (TAQA). |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
Key Parameters
Last Price 9.78
Net Change 0.03 (+0.31%)
Value Traded (Sar) 9,092,019.79
Volume Traded 930,294
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions
- ${title}${badge}