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Abdullah Al-Othaim Markets Company Announces the Resignation of its CEO and the Delegation of the CEO Duties to the Managing Director
| Element List | Explanation |
|---|---|
| Introduction | Abdullah Al-Othaim Markets Company (the "Company") announces that its Board of Directors has approved the resignation of Mr. Muaffaq Abdullah Mobarah from his position as Chief Executive Officer (CEO), and the delegation of the CEO duties to Board Member and Managing Director Mr. Abdulmalik Abdullah Al-Othaim, effective from 19-08-2026 until the appointment of a new CEO.
The Board of Directors expresses its gratitude and appreciation to Mr. Muaffaq Abdullah Mobarah for his efforts throughout his tenure with the Company and wishes Mr. Abdulmalik Abdullah Al-Othaim every success in carrying out the duties of the CEO role. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Muaffaq Abdullah Mobarah. |
| Resignation Acceptance Date | 2026-08-19 Corresponding to 1448-03-06 |
| Resignation Effective Date | 2026-08-19 Corresponding to 1448-03-06 |
| Reasons for Resignation | Due his special reason |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the Appointed Person | Abdulmalik Abdullah Al-Othaim. |
| Date of Board Resolution | 2026-08-19 Corresponding to 1448-03-06 |
| Date Work Commencement | 2026-08-19 Corresponding to 1448-03-06 |
| Brief Resume | Holds a Bachelor of Science (B.S.) degree from Suffolk University, USA (2020). He is a Board Member, Managing Director, and Executive Committee Member at Abdullah Al-Othaim Markets Company, and serves as the Chief Executive Officer (CEO) of Abdullah Al-Othaim Investment Company. He also holds management and board positions in several other companies, and possesses extensive experience in retail, financial services, investments, financial research and analysis, and strategic planning. |
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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Last Price 4.83
Net Change 0.0 (0.0%)
Value Traded (Sar) 2,161,242.18
Volume Traded 445,531
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