“Advanced” assigned the functions of Chief Executive Officer to the Chief Executive Officer

Saudi Advanced Industries Corporation, “Motatoora” announced the decision of the board of directors to appoint the chief executive officer of the board, Musa bin Abdullah Al-Ruwaili, as chief executive officer and to entrust him with all administrative functions and financial powers.

And “Advanced” claimed in a statement on ‘Saudi Tadawul’ today, Monday, that the Board of Directors agreed to transfer the services of the Chief Executive Officer, Muhammad bin Abdulaziz Al-Shetwi, from his position as Chief Executive Officer to Advisor to the Chief Executive Officer, with the same nature of work and the same administrative level, and this decision applies from the date of November 20, 2022.

He added that Musa bin Abdullah Al-Ruwaili has more than 20 years of investment and administrative experience, holds a bachelor’s degree from King Saud University and is a board member of several public joint-stock companies.

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