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Binladen ... resignation

Saleh Binladen quits as Alkhabeer Capital chairman

RIYADH, October 7, 2015

The Board of Directors of Alkhabeer Capital, a leading asset management and investment firm based in Saudi Arabia, said it has accepted the resignation of Saleh Mohammed Binladen as the company's chairman.

The board also announced the appointment of Musaad Mohammad Aldrees as the new chairman, effective October 7.

Binladen, who resigned for personal reasons, said he remained passionate about Alkhabeer Capital and was optimistic about the company’s future prospects. He said he was stepping down to reduce his broad responsibilities.

Aldrees, a member of the board of Alkhabeer Capital since 2008, will serve as chairman until the appointment of a new board and chairman in January 2016.

Ammar A Shata, executive director and CEO of Alkhabeer Capital, said: “Mr Musaad Mohammed Aldrees brings significant expertise to Alkhabeer that will enable him to continue the strategic development of Alkhabeer and ensure its continued success.”

Shata added: “I want to thank Mr Saleh Bin Mohammed Binladen for his years of service to Alkhabeer, without which the company would not have reached the milestones and successes it has achieved to date.” - TradeArabia News Service




Tags: Alkhabeer |

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