Arabian Contracting Services Co. Announces Resignation and Appointment of a CEO
Element List | Explanation |
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Introduction | Arabian Contracting Services Co. announces the Board of Directors’ decision dated 16-11-1446H corresponding to 14-05-2025G approving the acceptance of the resignation of the Company’s Chief Executive Officer, Mr. Mohamed Abdelelah Alkhereiji, with an effective date of 17-11-1446H corresponding to 15-05-2025G.
The Board of Directors extends its sincere thanks and appreciation to Mr. Mohamed Abdelelah Alkhereiji for his efforts and achievements during his tenure and wishes him continued success in his future endeavours.
The Board of Directors has also resolved to appoint Mr. Mansour Mohammed Al-Obaikan as Chief Executive Officer of the Company, with his duties commencing as of 19/12/1446H corresponding to 15/06/2025G. |
Element List | Explanation |
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Name of the Resigned Person | Mr. Mohamed Abdelelah Alkhereiji |
Resignation Acceptance Date | 2025-05-14 Corresponding to 1446-11-16 |
Resignation Effective Date | 2025-05-15 Corresponding to 1446-11-17 |
Reasons for Resignation | To pursue his professional career. |
Element List | Explanation |
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Appointment Type | Appointment |
Name of the Appointed Person | Mr. Mansour Mohammed Al-Obaikan |
Date of Board Resolution | 2025-05-14 Corresponding to 1446-11-16 |
Date Work Commencement | 2025-06-15 Corresponding to 1446-12-19 |
Brief Resume | Arabian Contracting Services Co. is pleased to announce that the Board of Directors has approved the appointment of Mr. Mansour Mohammed Al-Obaikan as Chief Executive Officer, effective from 15-06-2025G
Mr. Mansour has nearly 18 years of professional experience in the banking sector. He began his career at the Saudi Awwal Bank (SAB) in the Corporate Banking Division, where he advanced through various positions until he led the Large Corporate Banking Division. He joined the Saudi Investment Bank (SAIB), where he held several key roles, the latest being Chief Risk Officer since the end of 2019. In addition to this role, he was also assigned as Acting Chief Operating and Information Technology Officer from 2023 to 2024.
Mr. Mansour is a member of the Board of Directors of American Express Saudi Arabia, where he serves as Chairman of the Executive Committee and a member of the Risk & Credit Committee since 2020. He is also a member of the Risk Committee at Al-Istithmar Capital since 2020. Throughout his career, he has chaired and been a member of several internal committees at the Saudi Investment Bank and Al-Istithmar Capital.
Moreover, he participated in establishing several corporations and assumed duties as board member in many diversified sectors including real estate development and private equities. Mr. Mansour holds Bachelor degree with honors in Finance from Prince Sultan University, obtained in 2007. He has also completed various programs in leadership, risk, and global markets with institutions including HSBC UK, HSBC India, HSBC Middle East, INSEAD, Fitch, and Euromoney. |
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