Saudi Printing & Packaging Company Announcement on the Assignment of a Board Member to Perform the Duties of Managing Director
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| Announcement Detail | Saudi Printing & Packaging Company announces that its Board of Directors has issued a resolution by circulation dated 2 December 2025, approving the assignment of Board Member Mr. Waleed bin Ali bin Mohammed AlBanawi (Independent Member) to perform the duties of Managing Director, effective 9 December 2025. The Board also approved amending his membership classification to (Executive Member) effective 9 December 2025.
It is worth noting that Mr. Waleed AlBanawi is a Saudi investor and entrepreneur, currently serving as the Founder and Chief Executive Officer of Banvest Group, with more than thirty years of professional experience in the fields of investment and industry. Mr. AlBanawi has previously held several leadership positions, including Vice Chairman and Chief Operating Officer of AlBanawi Industrial Group, and Chief Executive Officer of JISR Venture Partners in Dubai. In 2023, he was appointed as an Advisor to His Excellency the Minister of Commerce in the Kingdom of Saudi Arabia. Mr. AlBanawi holds academic credentials from INSEAD in Fontainebleau, France, in addition to a bachelor’s degree from Rice University in Houston, United States of America. |
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