On May 31, 2026, Khalid Dhafer & Brothers Logistics Services Company announced that CEO Mr. Saleh Farhan Alhariri has decided not to renew his contract upon expiration on September 30, 2026, citing personal reasons. The Board of Directors accepted his decision on May 23, 2026, and appointed Deputy CEO for Operations Mr. Majed Abdullah Al-Qahtani as the new Chief Executive Officer, effective October 1, 2026. Mr. Al-Qahtani holds a Bachelor's degree in Business Administration from King Saud University and brings over 23 years of professional experience in the logistics sector to his new role.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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.