Saudi Arabia’s public joint-stock company Emaar the Economic City has announced the resignation of its CEO just three days after the appointment of its new managing director, Ahmed Yousef Boshnak.
Emaar The Economic City which implements the modernisation of the megaproject King Abdullah Economic City (KAEC), in the northern area of Jeddah, announced the resignation of Ahmed Ibrahim Linjawy in a Tadawul filing on Sunday.
This follows last week’s announcement that Boshnak had been appointed as managing director for an extendable period of six months.
In its statement, the company cited ‘his personal circumstances’ as the reason for Linjawy’s resignation.
(Writing by Imogen Lillywhite ; editing by Daniel Luiz)
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