Riyadh – Mubasher: Nayifat Finance Company has announced the resignation of Abdulmohsen Abdulrahman Musaed Al Sowailem from his position as the company’s CEO and Managing Director.
Al Sowailem submitted his resignation on 22 May due to personal circumstances, yet it will be effective as of 22 June this year, according to a recent bourse disclosure.
Meanwhile, the Saudi listed firm noted that it will disclose any developments related to the appointment of a new or acting CEO once emerge.
It is worth noting that during the first quarter (Q1) of 2022, Nayifat logged net profits after Zakat and tax worth SAR 49.52 million, an annual drop of 14.50% from SAR 57.92 million.
