Al Rashid CEO resigns, stays as MD; Badr Al-Harbi named successor

Logo of Al Rashid Industrial Co.

Al Rashid Industrial Co.’s board of directors approved yesterday, Sept. 1, the resignation of CEO Mohammad Al-Humaid, effective today, Sept. 2, citing other organizational reasons while maintaining his role as a Managing Director (MD).

 

 

In a statement on Tadawul, the company said the board, based on the recommendation of the remuneration and nomination committee, appointed Badr Al-Harbi as the new CEO, with his tenure starting on Sept. 2, 2025.

 

Al-Harbi brings over 25 years of executive and strategic experience across industries, including manufacturing, real estate development, investment, shared services, and corporate transformation.

 

His previous roles include Deputy CEO at United Wire Factories Co. (ASLAK), CEO of Shared Services at Dar Al Arkan Real Estate Development, and leadership of several steering and supervisory committees, as well as corporate and digital transformation programs.

 

He holds a bachelor’s degree in mechanical engineering, alongside advanced executive programs in leadership, strategy, digital transformation, and sustainability.

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