Rasan Information Technology Company announced on August 6, 2026, a series of board-level leadership changes following a Board of Directors' resolution dated August 5, 2026. Mr. Moayad bin Abdullah Alfallaj was appointed Chairman of the Board, transitioning from his previous role as Chief Executive Officer — a position he vacated effective August 5, 2026 — while Dr. Fahad bin Ahmed Abu Haimed was appointed Vice Chairman; both appointments took effect August 6, 2026. Dr. Nicola Garelli, who has served as Deputy CEO and Chief Strategy and Product Officer of Rasan since 2023 and brings over twenty years of experience in strategy, finance, and insurance, was appointed Acting Chief Executive Officer effective August 6, 2026. The Board also formed the Executive Committee and the Nomination and Remuneration Committee for the new term, both effective August 6, 2026 and running through August 3, 2029, while the formation of the Audit Committee is to be announced separately in a subsequent disclosure.

Original announcement:

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