Leejam approves CEO resignation, Abdulelah Al-Nemr succeeds 

A branch of Leejam

Leejam Sports Co.’s board of directors approved today, Dec. 26, the resignation of CEO Adnan Al-Khalaf.

In a statement to Tadawul, the company said Al-Khalaf’s resignation was due to his decision not to renew his contract. His resignation will take effect upon expiry of his post on Feb. 12, 2025.

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As a result, the board appointed Abdulelah Al-Nemr as the new CEO, effective Feb. 13, 2025, following the recommendation of the nominations and remuneration committee.

Al-Nemr will bring over 21 years of professional experience, having held various board and committee positions, as well as leadership roles in several organizations.

His expertise spans leadership, stakeholder management, public-private partnerships, sustainability, business development, strategy, corporate banking, investment banking, and project financing.

He currently serves as the Deputy Governor for Development and Planning at the National Development Fund (NDF).

Previously, Al-Nemr was COO of the Saudi Technology Development and Investment Co. (TAQNIA). He has also worked in corporate investment banking at Riyad Capital, in addition to leading teams at the Saudi Industrial Development Fund (SIDF).

Al-Nemr holds a bachelor’s degree in finance and economics with honors from King Fahd University of Petroleum and Minerals. Further, he has completed several executive education programs at renowned business schools, including London Business School, Wharton School of Business, and IMD.

He is a current board member in Leejam. He had previously served as a board member and executive committee member at the Saudi-listed company from 2019 to 2021.