Twareat CEO steps down, takes helm as Chairman  

It also approved appointing Mohamed ElSayed as Acting CEO as of today, June 22, and until the end of the current term on May 10, 2029.

In a separate statement, the board gave the go-ahead for the resignation of Chairman Tariq Al-Hamdan and Vice Chairman Saleh Al-Mulhim, while both will continue as board members.

Amer Al-Amer will serve as Chairman, and Khalid Al-Hamdan as Vice Chairman. Mohamed ElSayed will also act as additional member in the executive committee.

The board of directors appointed a secretary and representatives of the company before the Capital Market Authority, the Saudi Tadawul Group, and the Securities Depository Center Co. (Edaa) for all purposes related to applying of the Capital Market Law and its executive regulations.

ElSayed has extensive professional experience in finance, administration, and accounting, gained through his work with publicly listed companies in the Stock market.

He has wide expertise in corporate governance and specialized skills in listing companies on the stock exchange.

ElSayed holds a bachelor’s degree in accounting and finance, along with several accredited professional certifications in the financial sector.