Saudi Electricity Company’s chief executive officer, Ziad Al-Shiha, resigned on Wednesday evening, citing personal reasons.
Al-Shiha has served as CEO of the state-run utility provider since August 2013.
The company’s board of directors has named Fahad Al Sudairy as chief executive officer starting from Nov. 16, 2018, it said in a bourse statement on Thursday.
Al Sudairy is Saudi Electricity's current vice chief executive and chief financial officer.
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