Nayifat board approves CEO's resignation

11/05/2025 Argaam
Logo ofNayifat Finance Co.

Logo of Nayifat Finance Co.

Nayifat Finance Co.’s board of directors accepted the resignation of Fahad Al-Mufarrej from his role as CEO, according to a statement to Tadawul.

 

Al-Mufarrej decided not to renew his contract with the company and resigned from his position on the executive committee due to personal reasons. His final working day will be May 28, 2025.

 

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Nayifat said it will provide updates on the appointment or assignment of a new CEO in due course.

 

According to Argaam data, Nayifat had appointed Al-Mufarrej as CEO, effective April 28, 2024.

 

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