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ASharqiyah Development Company announces the extension of the appointment of the CEO of ASharqiyah Development Company

Element List Explanation
Introduction ASharqiyah Development Company announces the extension of the appointment of Managing Director Mr. Faiz bin Saleh bin Mahfouz as Acting CEO of the ASharqiyah Development Company. His appointment will end on 6-1-2026, and the new extension will begin on 7-1-2026 for a period of one year.

ASharqiyah Development Company announces the extension of the appointment of Managing Director Mr. Faiz bin Saleh bin Mahfouz as Acting CEO of ASharqiyah Development Company. His previous appointment ended on January 6, 2026, and the new extension begins on January 7, 2026, for a period of one year.

Element List Explanation
Appointment Type Delegation
Name of the Appointed Person Mr. Fayez Saleh bin Mahfouz
Date of Board Resolution 2025-12-31 Corresponding to 1447-07-11
Date Work Commencement 2026-01-07 Corresponding to 1447-07-18
Brief Resume He holds a Bachelor’s degree in Business Administration from King Saud University and has experience in executive management.
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