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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.