Mutawer Won't Renew CEO Contract

The Saudi Advanced Industries Company announced that it will not renew the contract of its CEO, Khaled Said Abu Khadra, based on his personal desire. Fares Abdulrahman Al-Fares has been appointed as the new CEO, effective October 13, 2026. Al-Fares brings more than 20 years of experience in the financial and investment sector and previously served as the company's Chief Investment Officer, which underscores his knowledge of the company's operations and its investment portfolio. This change aims to strengthen leadership and achieve the company's strategic objectives.

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