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National Building and Marketing Co.’s board approved the resignation of Ayman Al-Qadhi as Chairman (non-executive), board member, and committee member. The resignation takes effect from today, Jan. 13, according to a statement to Tadawul.
The resignation was submitted for personal reasons, the statement added.
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Accordingly, the board appointed Rayan Alkhowaiter (non-executive) as Chairman, effective Jan. 14. The move is subject to approval at the next general meeting.
Alkhowaiter holds an MBA from the American University in Dubai and a bachelor’s degree in industrial engineering from King Saud University.
With 24 years of experience, Alkhowaiter has held roles at the Capital Market Authority (CMA), including Director of Investment Fund Violations, Investor Protection, and Enforcement. He also worked at Saudi Aramco as a Contracts Advisor and served as CEO of Tharawat Tuwaiq Financial.
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