GACO names Mohammad Alsawaji as CEO, Ahmed Almuzaini as Chairman

Logo of Al-Gassim Investment Holding Co. (GACO)

Al Gassim Investment Holding Co.’s (GACO) board of directors decided to terminate the assignment of Mohammad Alsawaji as acting CEO and appoint him as CEO effective today, July 21.

In a statement to Tadawul, the company said that Alsawaji was the Vice President for Support Operations at GACO and worked as acting CEO from August to December 2020 and from March 10, 2022 until now.

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In a separate statement, the company said that the board of directors decided on July 20 to appoint Ahmed Almuzaini as Chairman until the end of the current session on Feb. 21, 2026, to replace Abdulrhman Al Hudheif, who retains his board membership as an independent member.

The board restructured the remuneration and nomination committee until the end of the current session on Feb. 21, 2026, with Waleed Algosaibi as Chairman, and Abdulrhman Al Hudheif and Bader Alkadi as members.

The board also restructured the investment committee to include Faisal Alkhamis, Rasheed Alrasheed, and Bader Alkadi as members.

Additionally, the board decided to reappoint the company's representative to the Capital Market Authority (CMA) and the Saudi Stock Exchange (Tadawul) for all matters related to the implementation of the Capital Market Law and its Executive Regulations.