TAM Development Appoints Firas Almatrafi as CEO

TAM DEVELOPMENT -4.15%

TAM DEVELOPMENT

9570.SA

79.65

-4.15%

On April 15, 2026, TAM Development Company announced the resignation of CEO Abdullah Anwar Mohammed Yousef, effective April 15, 2026, following a Board of Directors resolution dated April 14, 2026. Mr. Abdullah will continue as Board Member and Managing Director to support the leadership transition and provide strategic guidance. The Board simultaneously appointed Mr. Firas bin Ghazi bin Ibrahim Almatrafi as the new Chief Executive Officer, effective April 15, 2026, to strengthen execution and support the company's transformation towards a technology-enabled solutions company. Mr. Firas brings over 16 years of executive leadership experience, including his recent role as Chief Operating Officer of AHAD Business Services where he managed multi-year engagements exceeding SAR 1 billion.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94433&anCat=1&cs=9570&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/16350_4506_2026-04-15_03-05-51_en.pdf

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.

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