إعلان شركة المشروعات السياحية (شمس) عن إنهاء العلاقة التعاقدية بالتراضي مع الرئيس التنفيذي وتعيين رئيس تنفيذي جديد

Tourism Enterprise Co. (Shams) announces the termination of the contractual relationship by mutual agreement with the CEO and the appointment of a new CEO. 4170 TECO -1.00 % 1448/02/05     19/07/2026 08:12:11 Introduction Tourism Enterprise Company (Shams) announces that its Board of Directors, in its decision dated 17/07/2026, approved the termination of the contractual relationship by mutual agreement with the company's CEO, Eng. Abdullah bin Omar Al-Suwailem, effective 17/07/2026. The Board of Directors also resolved to appoint Mr. Majed bin Nawwar Al-Otaibi as the company's CEO, effective Friday, 17/07/2026 The Board of Directors extends its gratitude to Eng. Abdullah bin Omar Al-Suwailem for his service to the company. Name of the Resigned Person Eng. Abdullah bin Omar Al-Suwailem Resignation Acceptance Date 2026-07-17 Corresponding to 1448-02-03 Resignation Effective Date 2026-07-17 Corresponding to 1448-02-03 Reasons for Resignation Ending the relationship by mutual consent between the two parties. Appointment Type Appointment Name of the Appointed Person Mr. Majid bin Nawwar Al-Otaibi Date of Board Resolution 2026-07-17 Corresponding to 1448-02-03 Date Work Commencement 2026-07-17 Corresponding to 1448-02-03 Brief Resume Mr. Majed Al-Otaibi has over twenty-five years of experience in the investment and asset management sectors, during which he held many leadership positions in the banking and investment companies' sector, leading innovative investment strategies, while applying the highest standards of governance and risk management. He holds a master’s degree in economics from Ohio University - USA. The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. Share