Al-Rashed Industrial Firm emblem
Firm introduced Al-Rashed Business In regards to the Board of Administrators’ determination dated November 16, 2025 approving the termination of the contractual relationship with the corporate’s CEO, Eng Badr bin Eid Al-Harbi From his place, the choice will take impact on November 17, 2025.
The corporate stated in an organization assertion as we speak on Tadawul that the Board of Administrators determined to nominate Muhammad Abdul Aziz Al-Rashed Al-Hamid, Managing Director, will assume the duties of CEO efficient from this date.
Al-Humaid has greater than thirty years of expertise within the subject of business, as he at the moment holds the place of Managing Director of Al-Rashed Industrial Firm from 2021 AD till now. Earlier than that, he served as Vice Chairman of the Board of Administrators of Al-Rashed Industrial Firm (a closed joint inventory firm) throughout the interval from 2018 AD to 2021 AD, and the place of Deputy Director of Al-Rashed Can and Plastic Manufacturing unit Firm – a restricted legal responsibility firm (at the moment Al-Rashed Industrial Firm) – from 1995 AD till 2018 AD.
Firstly of his profession, Al-Rashed labored in well being affairs within the Nationwide Guard. He held the place of Assistant Director of the Procurement Division from 1991 AD to 1993 AD, then Assistant Director of Tenders from 1993 AD to 1995 AD. Earlier than that, he additionally held the place of Procurement Consultant throughout the interval from 1989 AD to 1991 AD, in keeping with the assertion.
