On August 19, 2026, Abdullah Al-Othaim Markets Company announced that its Board of Directors has accepted the resignation of Mr. Muaffaq Abdullah Mobarah from his position as Chief Executive Officer, effective the same date, citing personal reasons. The Board has delegated CEO duties to Board Member and Managing Director Mr. Abdulmalik Abdullah Al-Othaim, effective August 19, 2026, until a new CEO is appointed. Mr. Abdulmalik Abdullah Al-Othaim holds a B.S. degree from Suffolk University, USA (2020), and brings extensive experience in retail, financial services, investments, financial research and analysis, and strategic planning.

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Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.