Riyadh – Mubasher: Zamil Industrial Investment Company has announced the resignation of Abdulla Mohammed Al Zamil from his position as the company’s CEO on 8 May.
Mohammed Ali Al Sahib replaced Al Zamil, who has become the new Chairman of the board, as of 8 May 2022, according to a bourse disclosure.
In another bourse filing, the Saudi listed company named Bander Abdulrahman Abdullah Al Zamil as the Vice Chairman for the coming three years.
The new Chairman and Vice Chairman assumed their roles for a new board term that started on 1 May this year and will remain in position until 30 April 2025.
In 2021, Zamil posted a 0.28% year-on-year (YoY) decline in net losses after Zakat and tax to SAR 159.41 million, compared to SAR 159.87 million
