BATIC Investments and Logistics Co.’s board of directors appointed on Sept. 16 Majid Al-Eissa as a chief executive officer, the firm said in a bourse statement.
Al-Eissa replaced former CEO Turki Al-Thonian who was relieved from his position on the same date.
The appointment, which comes into effect on Sept. 22, is still pending shareholders’ approval.
Al-Eissa has 20 years of experience working in the Saudi Industrial Development Fund, SABIC, and other industrial and investment firms. He is currently a board member of several firms and committees.
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