Riyadh – Mubasher: The Saudi Industrial Development Company’s (SIDC) board of directors has approved CEO Fuzan Al Marwani’s resignation.
Al Marwani will leave on 1 October 2019, according to a statement to the Saudi Stock Exchange (Tadawul).
Earlier on Thursday, SIDC announced a 141.67% year-on-year increase in its net losses during the third quarter of 2018, registering SAR 8.7 million from SAR 3.6 million.
By 10:44 am Saudi time, SIDC’s stock fell 1.24%, reaching SAR 8.04.
