Arriyadh Development transfers financial, administrative powers to CEO
Logo of Arriyadh Development Co.
Arriyadh Development Co. (ARDCO) announced that all administrative and financial powers were transferred to CEO Jihad Al-Qadi, according to a bourse statement.
The developer added that the appointment of Managing Director Abdullah Al-Bahouth ended, upon his request.
Al-Bahouth will remain as a board member in the company.
On April 25, ARDCO announced transferring all management powers to Managing Director Al-Bahouth, Argaam earlier reported.
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