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Almarai Company announces the Appointment of the new CEO of the Company

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Introduction Almarai Company (the “Company”) hereby announces that the Board of Directors has appointed Mr. Abdullah Nasser Al Bader as Chief Executive Officer of the Company effective 7th March 2021 corresponding to 23/07/1442H.
Element ListExplanation
Appointment Type Appointment
Name of the CEO Mr. Abdullah Nasser Al Bader
Date of Board Resolution 2021-03-04 Corresponding to 1442-07-20
Date Work Commencement 2021-03-07 Corresponding to 1442-07-23
Brief Resume Mr. Abdullah Al Bader joined the Company more than 20 years ago, during which he has held several leadership positions in the manufacturing, distribution, sales, marketing, and support services divisions. Prior to this appointment, he was the Executive Vice President for Bakery since 2015. Mr. Abdullah Al Bader is also the CEO and Board Member of Modern Food Industry LLC (7 Days) as well as Chairman of the Board of Directors of Dairy & Food Polytechnic.

Mr. Abdullah Al-Bader holds a master's degree in business administration from University of Leicester, UK.

The Board of Directors wishes Mr. Abdullah Al-Bader all the success in his new position as Chief Executive Officer.

The Capital Market Authority and the Saudi Stock 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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