INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Nayifat CEO resigns

  • Al-Sowailem held the position of managing director and has resigned from his membership in the board of directors and committees
  • The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity

Abdulmohsen Abdulrahman Musaed Al-Sowailem, CEO of Nayifat Finance Co., has resigned from his job, according to a company statement.

Al-Sowailem, who also held the position of managing director, has resigned from his membership in the board of directors and committees due to “his personal circumstances,” it said in a bourse filing

The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity.