Al Rashid terminates CEO contract, names Mohammad Al-Humaid Acting CEO

10:02 AM (Mecca time) Argaam- Nomu
Mohammad Al-Humaid to take over as Acting CEO of Al Rashid Industrial from Nov. 17, 2025

Mohammad Al-Humaid to take over as Acting CEO of Al Rashid Industrial from Nov. 17, 2025

Al Rashid Industrial Co. terminated the contract of CEO Badr Al-Harbi, effective Nov. 17, and appointed the current Managing Director Mohammad Al-Humaid as the Acting CEO.

 

Al-Humaid, MD at Al Rashid since 2021, holds more than 30 years of experience in the industrial sector.

 

Previously, Al-Humaid served as Vice Chairman of Al Rashid (a closed joint-stock company) from 2018 to 2021, and Deputy General Manager of Al Rashid Boxes and Plastic Factory (now Al Rashid Industrial) from 1995 to 2018.

 

In his early career, Al-Humaid worked at the Ministry of National Guard Health Affairs the statement noted.

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