Riyadh — Mubasher: Arabian Food and Dairy Factories Company (Fadeco) announced that its board of directors has approved the resignation of the company’s Chief Financial Officer (CFO), Fadel Fawaz.
According to a regulatory filing, the resignation became effective as of 24 June 2026.
The disclosure, however, did not specify a reason for the departure or name an immediate successor to the finance chief role.
The company expressed its appreciation for Fawaz’s contributions and wished him success in his future professional endeavors.
The listed entity remains focused on its core operations within the food and dairy production sectors following this executive change.
Meanwhile, Fadeco noted that shareholders with inquiries regarding the transition may contact the company's investor relations department via email or by telephone.
In June 2026, the company held its shareholders meeting which mandated the Board of Directors to issue interim dividend payments.
