Saudi Advanced Industries taps Fares Abdulrahman Al Fares as its new CEO

Saudi Advanced Industries Company appointed Fares Abdulrahman Al Fares as its new CEO, following the resignation of Khalid Abukhadhra (LinkedIn), according to a Tadawul statement.

Al Fares brings over 20 years of executive experience across banking, finance, and asset management. Prior to this move, he held the position of chief investment officer at the company, having also served as head of asset management at both Yaqeen Capital and Al Rajhi Capital.

ALSO- AFG International (Cenomi Retail) appointed Hussein Ali Shobokshi (LinkedIn) as chairman and Ahmed Wassim Alarabi as deputy chairman, following the election of the company’s new board for a four-year term at an extraordinary general assembly on 30 June, the company said in a Tadawul announcement.