Mulkia Investment appoints MD Sultan Alhudaithi as Acting CEO

Mulkia Investment Co. said this decision is effective as of Jan. 18, 2026

Mulkia Investment Co.’s board of directors decided today, Jan. 8, to appoint the Vice Chairman and Managing Director Sultan Alhudaithi as the Acting CEO to manage the company’s affairs during the interim period until a new CEO is appointed. This decision is effective as of Jan. 18, 2026.

In a statement to Tadawul, the company said Alhudaithi brings extensive experience in corporate restructuring and strategic planning, managing investments in securities, private equities, and real estate investment. He is also a board member at many public and private companies and committees such as Saudi Automotive Services Company (SASCO), Saudi Chemical Company, Nahaz Investment Company, Zawaya Real Estate Company, Madaen Star Group, Middle East Batteries Company (MEBCO) and United Wires Company (ASLAK).

He holds BSC in Accounting with an honor degree from King Saud University and MBA from London Business School, the statement added.

According to data available to Argaam, Mulkia Investment’s board approved, in November 2025, the resignation of CEO Omar Al-Othaim, citing personal reasons. The resignation will take effect on Jan. 15, 2026.