Riyadh — Mubasher: Abdullah Al Othaim Markets Company’s board of directors has accepted the resignation of CEO Muaffaq Abdullah Mobarah, effective 19 August 2026.

The company stated that the resignation was submitted due to personal circumstances.

To ensure business continuity, the board has appointed Managing Director and board member Abdulmalik Abdullah Al Othaim to assume the duties of CEO on 19 August. He will lead the company until a permanent successor is appointed.

Abdulaziz Abdullah Al Othaim holds a Bachelor of Science from Suffolk University in the United States, obtained in 2020.

In addition to his role as Managing Director and member of the executive committee at Abdullah Al Othaim Markets, he serves as the CEO of Abdullah Al Othaim Investment Company.

His professional background includes experience in the retail and financial services sectors, as well as strategic planning and financial analysis.

The board expressed its gratitude to the outgoing CEO for his contributions during his tenure.