Riyadh – Mubasher: Arabian Contracting Services Company (Al Arabia) named Abdelelah Abdulrahman Saleh Alkhereiji as the new Chairman of the board for the next three years.
The Saudi firm also appointed Mohamed Abdelelah Abdulrahman Alkhereiji as the Vice Chairman, according to a bourse disclosure.
The two officials assumed their roles for a new board term that began on 18 March 2023 and will remain in position until 17 March 2026.
Last year, Al Arabia recorded net profits after Zakat and tax worth SAR 274.70 million, higher by 33.19% than SAR 206.24 million in 2021.
Revenues hiked by 56.28% to SAR 1.12 billion in 2022 from SAR 720.63 million a year earlier, while the earnings per share (EPS) increased to SAR 5.49 from SAR 4.12.
