Shams names Majed Al Otaibi as new CEO

Tourism Enterprise Company (Shams) appointed Majed bin Nawwar Al Otaibi as CEO, effective 17 July, according to a Tadawul filing. Al Otaibi succeeds Abdullah bin Omar Al Suwailem, whose contract ended by mutual agreement.

Al Otaibi brings over 25 years of experience across investment and asset management, having held senior leadership roles in banking and investment firms where he led investment strategies and governance initiatives. He also holds a master’s degree in economics from Ohio University.