The new appointment came after former managing director Abdulrahman Ibrahim Al Ruwaitie tendered his resignation, the company said in a bourse statement on Sunday.
Al Ruwaitie was named as new board chairman of Saudi Research and Marketing Group’s (SRMG), effective Dec. 29, 2018, in place of Ghassan Al-Shibl, who was appointed by Saudi King Salman as the new head of the Local Content and Government Procurement Commission.
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