Riyadh – Mubasher: Takween Advanced Industries Company has named Abdulmohsen Mohammed Al Othman as the new Chairman of the board for the next three years.
The Saudi firm also appointed Saleh Hassan Al Afaleq as the board’s Vice Chairman, according to a bourse disclosure.
Meanwhile, Jameel Abullah Al Molhem was announced as the Managing Director of Takween.
The three officials will assume their roles for a new board term that begins on 21 January 2023 and will remain in position until 20 January 2026.
It is worth noting that the company’s board made the decision during their meeting which was held on 4 January this year.
In the first nine months (9M) of 2022, Takween shifted to net losses after Zakat and tax worth SAR 45.85 million, against net profits of SAR 50.36 million in the January-September 2021 period.
Revenues enlarged by 28.39% to SAR 809.89 million in 9M-22 from SAR 630.81 million in 9M-21.
