KEIR not to renew CEO contract; board names Moath Alsohaibani as Managing Director

Logo of Keir International Co.

KEIR International Co.’s board approved today, Feb. 9, a resolution not to renew the employment contract of CEO Waseem Al Marzouki, which expires on April 15, at his request.

The company said in a Tadawul filing that Al Marzouki’s duties will end on Feb. 10. He will remain as an advisor to the board and managing director, providing counsel and overseeing the transfer of responsibilities until his contract expires.

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The board appointed Moath Alsohaibani as Managing Director effective Feb. 10, for a one-year term. His board membership status has been amended to executive director, KEIR added.

Alsohaibani has over 24 years of experience in water, energy, oil & gas, and infrastructure. He holds a bachelor’s degree in electrical engineering from King Saud University.

He is currently a board member at KEIR and was previously chairman of Green Building Solutions. He also served as CEO of Saudi Services for Electro Mechanical Works Co.