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Almunajem foods Co. Announces the Board of Director approval of the CEO’s resignation and appoints a new CEO
| Element List | Explanation |
|---|---|
| Introduction | Almunajem foods Co. announces that the Board of Directors has accepted the resignation of Eng. Thamer Bin Abdulaziz Abanumay from his position as CEO with his last working day being 31 of December 2025, while retaining his position as a member of the Board of Directors. In this regard, the Board of Directors extends its sincere appreciation and gratitude to Eng. Thamer for his outstanding leadership of the company over the past 8 years as well as his continued dedication and notable contributions to the development of the company’s business and the achievements of its objectives. The board wishes him continued success. Furthermore, based on NRC’s recommendation the Board of Directors has approved the appointment of Mr. Ali Hasan El Zain as a CEO of Almunajem Foods Co. effective from 1 January 2026. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Eng. Thamer Bin Abdulaziz Abanumay |
| Resignation Acceptance Date | 2025-11-15 Corresponding to 1447-05-24 |
| Resignation Effective Date | 2025-12-31 Corresponding to 1447-07-11 |
| Reasons for Resignation | Personal Reasons |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Mr. Ali Hasan El Zain |
| Date of Board Resolution | 2025-11-15 Corresponding to 1447-05-24 |
| Date Work Commencement | 2026-01-01 Corresponding to 1447-07-12 |
| Brief Resume | Mr. Ali is a distinguished leader, with over 24 years of extensive experience, including service with leading global companies in international trade and logistics services. He previously held several senior leadership roles, including serving as the CEO of DSV Logistics in Saudi Arabia, Executive Director of Sales and Marketing at Agility Logistics, and Director of Commercial and Operation Manager for the Finatrade Group (Ghana-Africa). Mr. Ali El Zain currently serves as deputy CEO of Almunajem Foods Co and CEO of the Optimal Solution “Loadly“, a subsidiary of Almunajem foods Co. He holds both a bachelor’s and master’s degree in business administration, in addition to completing Agility leadership development program from Co - Switzerland. |
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.
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