Riyadh – Mubasher: Abdullah Al Othaim Markets Company has appointed Muaffag Abdullah Mubarah as the new CEO of the firm, based on the board’s resolution on 5 January 2023.
Mubarah will commence his duties for the new role on 15 February this year, according to a bourse filing.
The new official holds a Bachelor’s degree in Chemical Engineering from King Fahd University of Petroleum and Minerals, in addition to a Master’s degree in Business Administration from King Saud University.
The new CEO has more than 27 years of experience in industrial, commercial, and logistic companies.
It is worth mentioning that Othaim Markets achieved SAR 744.59 million in net profit after Zakat and tax during the third quarter (Q3) of 2022, higher by 1,559% than SAR 44.87 million in Q3-21.
Meanwhile, the company disbursed exceptional interim cash dividends worth SAR 675 million for Q3-22 last December.
