Bawan CEO steps down, CFO appointed as Acting CEO

Logo of Bawan Co.

Bawan Co.'s  announced that its CEO, Mohammed Al Balawi, decided not to renew his employment contract, which expires on Dec. 9, 2025, for personal reasons.

His resignation will take effect on Dec. 10, the company said in a statement to Tadawul.

Accordingly, the board of directors decided, on Sept. 30, to appoint Chief Financial Officer (CFO) Zeyad Al Barrak as Acting CEO effective Dec. 10, 2025.

Al Barak holds a bachelor’s degree in finance and economics from King Fahd University of Petroleum and Minerals (KFUPM), a Diploma in Board Governance from the Institute of Directors (IoD) in London, and the High-Performance Leadership Program at the International Institute for Management Development (IMD) in Switzerland.

He has over 23 years of professional experience in financial, administrative, strategic, industrial, and commercial fields.

Al Barak held several leadership positions, including CFO at Methanol Chemicals Co. (Chemanol), CEO of Jubail Energy Services Company (JESCO), and Managing Director of Profert Saudi Arabia.

According to data available with Argaam, Bawan appointed Al Balawi as the company’s CEO from July 1, 2022.