| Element List | Explanation |
|---|---|
| Introduction | AL Rashid Industrial Company announces the Board of Directors’ decision dated 25/05/1447H corresponding to 17/11/2025G., resolved to terminate the contractual relationship with the Company’s Chief Executive Officer, Eng. Badr bin Eid Al-Harbi, and relieve him from his position. The decision shall take effect on 26/05/1447H corresponding to 17/11/2025G. The Board of Directors further resolved on 25/05/1447H corresponding to 16/11/2025G to appoint Mr. Mohammed Abdulaziz Al-Rashid Al-Humaid, the Managing Director, to assume the duties of the Chief Executive Officer effective from 26/05/1447H corresponding to 17/11/2025G. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Engineer/ Badr bin Eid Al-Harbi |
| Resignation Acceptance Date | 2025-11-16 Corresponding to 1447-05-25 |
| Resignation Effective Date | 2025-11-17 Corresponding to 1447-05-26 |
| Reasons for Resignation | Termination of the contractual relationship |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the Appointed Person | Mr. Mohammed bin Abdulaziz Al-Rashed Al-Humaid |
| Date of Board Resolution | 2025-11-16 Corresponding to 1447-05-25 |
| Date Work Commencement | 2025-11-17 Corresponding to 1447-05-26 |
| Brief Resume | Mr. Mohammed Abdulaziz Al-Rashed Al-Humaid has extensive experience spanning more than three decades in industrial operations and management. He has been serving as the Managing Director of Al-Rashed Industrial Company since 2021 to date. He previously served as the Vice Chairman of the Board of Al-Rashed Industrial Company (a closed joint-stock company ) from 2018 to 2021. Prior to that, he held the position of Deputy General Manager at Al-Rashed Can & Plastic Factory – a limited liability company (currently Al-Rashed Industrial Company) from 1995 to 2018. Additionally, he worked as Assistant Director of Tenders at the National Guard Health Affairs from 1993 to 1995, and as Assistant Director of the Procurement Department at the National Guard Health Affairs from 1991 to 1993. He also served as a Procurement Representative at the Health Affairs sector from 1989 to 1991. |
