Riyadh – Mubasher: Ratio Specialty Company for Trading has officially announced a significant restructuring of its top leadership that marks a strategic move to strengthen the firm’s corporate governance framework and separate executive management from board oversight, according to a bourse filing.
The company’s Board of Directors has accepted the resignation of CEO Abdullatif Ibrahim Al Mulhim, who will be transitioning from his executive post to a senior supervisory role within the organization. Al Mulhim submitted his resignation on 10 June 2026.
Meanwhile, the decision was finalized by a board resolution on 11 June 2026.
To ensure operational continuity and a professional handover of responsibilities, the resignation will not take effect immediately; instead, the effective date has been set for 30 July 2026.
The primary driver behind this leadership change is the appointment of Al Mulhim to a series of high-level positions within the company’s governance structure. Upon the conclusion of his tenure as CEO, he will take on the role of Vice Chairman of the Board of Directors. Furthermore, he has been tasked with memberships in several of the board’s specialized committees.
This transition is intended to leverage his deep institutional knowledge and executive experience at a more strategic, supervisory level.
The company emphasized that this move is a proactive step toward enhancing the effectiveness of its internal governance.
By moving the outgoing CEO into the Vice Chairmanship, Ratio Specialty aims to reinforce the separation between day-to-day executive operations and the supervisory and regulatory roles performed by the board. This alignment with international best practices and Saudi capital market regulations is expected to provide more robust oversight and support the company’s long-term strategic objectives.
