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Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Abdullah Al Othaim Markets CEO quits

The outgoing CEO will serve as advisor to the Board.
  • The Board said Muwaffaq Mansour Jamal will be the delegated CEO of the company from 17 Dec.
  • Hussain quit due to family circumstances that require his presence outside the kingdom.

Mohsen Saqer Hussain has quit as the CEO of Abdullah Al-Othaim Markets Company due to family circumstances that require his continuous presence outside the kingdom, the company said in a statement.
The Board of Directors will use the expertise of Mohsen as an advisor to the Board, the statement said.
Muwaffaq Mansour Jamal will serve as the delegated CEO of the company from 17 Dec 2021, the company said. His membership of the Board changes from Independent Board Member to Executive Member.
The Board thanked Hussein for his efforts during his stint as the CEO of the company.