QACO appoints Al Barrak as acting CEO after Al Issa resigns

22/05/2017 Argaam

The board of directors of Qassim Investment Holding Co., formerly known as Qassim Agriculture, has appointed Fahd Al Barrak as acting chief executive officer (CEO) starting from June 1, 2017 until the end of the year.

 

The decision came after the company’s CEO, Mohammed Al-Issa submitted his resignation effective the same date citing personal reasons, the company said in a statement on Tadawul.

 

QACO’s board had appointed Mohammed Al Issa as chief executive in October 2016, according to data compiled by Argaam.

 

QACO’s board also appointed Ahmed Al Barrak, a board member, as managing director and general supervisor of Saudi Dates Factory to oversee the process of transferring the plant into an independent company.

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