Saudi Parts Center Co. Announces Resignation of a CEO
| Element List | Explanation |
|---|---|
| Introduction | Saudi Parts Center Company announces that the Board of Directors has accepted the resignation submitted by Eng. Fahad M. AlKhorayef from his position as Chief Executive Officer of the company, on 11 Shawwal 1446H, corresponding to April 9, 2025, with the resignation to take effect on 7 Dhul-Qi'dah 1446H, corresponding to May 5, 2025, due to personal reasons.
The Board of Directors and all employees of the company express their sincere gratitude and appreciation to Eng. Fahad M. AlKhorayef for his significant efforts and tangible achievements that contributed to enhancing the company's position and achieving its objectives. They wish him continued success and prosperity in his future endeavors.
The company will announce any developments regarding the appointment or assignment of a new Chief Executive Officer in due course. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Fahad M. Alkhorayef |
| Resignation Acceptance Date | 2025-04-09 Corresponding to 1446-10-11 |
| Resignation Effective Date | 2025-05-05 Corresponding to 1446-11-07 |
| Reasons for Resignation | personal reasons. |
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