Al Othaim says Mohsen Husain resigns as CEO, Muwaffaq Jamal appointed acting CEO

Logo of Abdullah Al Othaim Markets Co.

Abdullah Al Othaim Markets Co.’s board of directors approved the resignation submitted by the Chief Executive Officer (CEO), Mohsen Sager Husain, due to family circumstances that require his continued presence outside the Kingdom.

In a statement to Tadawul, the company clarified that the resignation will be effective as of Dec. 17, adding that the board will depend on Husain’s expertise as an advisor.

Based on the remuneration and nominations committee’s recommendation, the board approved the appointment of Muwaffaq Mansour Jamal (an independent member) as acting CEO and changed his membership to be an executive member. 

Jamal joins the company today, Nov. 21, to start his work as acting CEO on the effective date of Husain’s resignation, which will ensure the smooth transition of handover.

Jamal obtained a bachelor's degree in accounting sciences from King Fahd University of Petroleum and Minerals (KFUPM) in 1992. He has an extensive experience of more than 30 years in the business sector, in which he held leadership positions in international and local firms. He also served as a board member in several sectors, including the retail industry.