Alhokair Group says CEO Fahd Al-Fawaz resigns, names Sami Alhokair acting CEO

Logo of Abdulmohsen Alhokair Group for Tourism and Development’s (Alhokair Group)

Abdulmohsen Alhokair Group for Tourism and Development’s (Alhokair Group) board of directors approved today, Jan. 3, the resignation of CEO Fahd Al-Fawaz, due to personal reasons.

Al-Fawaz’s last working day will be Feb. 28, the company said in a statement to Tadawul.

The board assigned Managing Director Sami Alhokair to carry out the CEO’s duties as of March 1 until a new CEO is appointed.

In July 2021, Alhokair Group appointed Fahd Al-Fawaz as CEO, after the end of the period when Sami bin Abdulmohsen AlHokair served as Acting CEO, Argaam reported.

Sami AlHokair holds a Bachelor's degree in administrative sciences from King Saud University and has held many leadership positions over more than 30 years.

He has professional experience in developing business strategies for large companies, in addition to establishing, managing and operating entertainment centers and hotels, commercial centers, health clubs. His experience also includes developing educational and training projects, and providing catering services.