Development Works Food Chairman resigns, Anas Al-Amoud takes over

Logo of Development Works Food Co.’s (DWF)

Development Works Food Co.’s (DWF) board of directors accepted, on July 9, the resignation of Chairman Ashry Al Ashry (non-executive) from the presidency and membership of the board, according to a statement to Tadawul.

The resignation was submitted on July 2, citing special circumstances. It will be effective from July 9.

Additionally, the board approved the appointment of Anas Al-Amoud, an independent member, as the new Chairman.

However, the appointment is subject to the shareholders’ approval at the upcoming general meeting.

Al-Amoud holds a Bachelor’s degree in business administration from Imam Muhammad bin Saud Islamic University and an MBA in Finance from Kansas State University, the US.

He has more than 15 years of experience in business administration, governance, and compliance.