Al Gassim Investment terminates CEO & MD, names acting CEO

13/05/2020 Argaam

 

Al Gassim Investment Holding Co.’s (GACO) board of directors terminated the company’s chief executive officer and managing director, Abdullah Bin Ibrahim Almhaos, effective May 12, 2020.

 

The decision served the company’s interest, GACO said in a bourse statement, indicating that Almhaos will remain a board member.

 

Meanwhile, the board named the company’s chief financial officer, Ahmed Moustafa El Shorbagy, as acting CEO and managing director, starting today May 13, 2020 until appointing a new CEO within a month.

 

El Shorbagy has been the company’s CFO since 2001 and has over 25 years’ experience with GACO, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.