National Building's CEO resigns

The resignation of Alawad was submitted due to personal reasons

  
An Asian labourer looks up as he works at the construction site of a building in Riyadh, Saudi Arabia. Image used for illustrative purpose.

An Asian labourer looks up as he works at the construction site of a building in Riyadh, Saudi Arabia. Image used for illustrative purpose.

REUTERS/Faisal Al Nasser
Riyadh – Mubasher: The National Building and Marketing Company’s board has accepted the resignation of the company’s CEO, Mohammed Saleh Abdulazez Alawad, during its meeting held on 25 January 2021.

The resignation of Alawad was submitted due to personal reasons and will take effect immediately, according to a stock exchange statement on Monday.

During the six-month period ended on 31 March 2020, National Building reported SAR 2.1 million in net profits, an annual drop of 75.3%.

Source: Mubasher

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