Raoom appoints Chairman, Vice Chairman; extends MD term

Logo of Raoom Trading Co.

Raoom Trading Co. appointed Abdulaziz Al Humaid as Chairman and Bader Alkadi as Vice Chairman for the new four-year term commencing on June 17, 2025, according to a statement to Tadawul.

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The board of directors further formed the audit committee as of June 17 for a four-year term. Bader Alkadi will chair the committee, with Rashood Al-Rashoodi and Sultan Al-Shubaily as members.

In addition, the board appointed representatives to the Capital Market Authority (CMA) and the Saudi Exchange (Tadawul) for all purposes related to the implementation of the Capital Market Law and its implementing regulations.

It also appointed the board secretary, the statement said.

In a separate statement on Tadawul, the company announced that the board approved the extension of Humaid Alhumaid’s term as Managing Director and CEO, as of June 17, 2025, until the end of the current board term.

Alhumaid has served as the Managing Director and CEO since January 2020. He holds a bachelor's degree in Administrative Sciences from King Abdulaziz University and a master's degree in Human Resources from the University of Hail.

He also serves as a board member in other companies.