Riyadh – Mubasher: Mohammed bin Abdulaziz Al Shaheen resigned from his position as the CEO of East Pipes Integrated Company for Industry due to personal reasons.

The board members accepted Al Shaheen’s resignation on 12 June, yet it will become effective on 10 July, according to a bourse filing.

Meanwhile, the company will disclose any further details regarding appointing a new CEO in due course.

In fiscal year (FY) 2024/2025, East Pipes Integrated reported 42.84% year-on-year (YoY) higher net profits at SAR 382.12 million, compared to SAR 267.50 million.

Revenues hiked by 18.77% YoY to SAR 1.83 billion as of 31 March 2025 from SAR 1.54 billion.