Muhammad al -Muzal is a managing member of “abundance” .. and ending the assignment of the CEO

The Board of Directors of Wafra Company for Industry and Development decided, today, to appoint Muhammad Kamal Ahmed Al -Muzal as a member of its date until the end of the current council session on 01/13/2027.
The company said in a statement on Saudi Arabia’s circulation: Al -Muzal has a Bachelor’s degree in Financial Management from the United States and attended many courses in the field of leadership, investment and financing.
He is currently the position of Vice President for Investment and Treasury in a holding company and has extensive experience in the financial and banking sector that extends for more than 15 years.
Al -Muzal moved from work in banks to the Investment Department in companies, where he leads the strategies of growth in portfolio investment and occupies the membership of boards of directors in several companies and participates in the governance, auditing and reward committees. It is characterized by a strategic vision and passion for developing financial performance and enhancing operational efficiency.
The Board of Directors’s decision was issued today, to end the assignment of the CEO in charge of Abdullah Muhammad Al -Shehri.
The Board of Directors decided to reshape the review committee from its date until the end of the current council session on 01/13/2027 AD as follows:
Members of the committee before re -formation:
Muhammad Kamal Ahmed Al -Muzal (President)
Abdullah Habib Al -Hamoud (from outside the council)
Saad Muhanna Al -Sunaidi (from outside the council)
Members of the committee after re -formation as follows:
Muhammad Hindi Shuja Al -Otaibi (President)
Badr Adnan Muhammad Al -Feda
Abdullah Habib Al -Hamoud (from outside the council)
The decision of the Board of Directors was issued on the same date to reshape the rewards and nominations committee from its date until the end of the current council session on 01/13/2027 AD
Members of the committee before re -formation:
Muhammad Hindi Shuja Al -Otaibi (President)
Badr Adnan Muhammad Al -Feda
Muhammad Kamal Ahmed Al -Mazal
Members of the committee after re -formation as follows:
Majid Mesfer Al -Ghafili (President)
Badr Adnan Muhammad Al -Feda
Muhammad Hindi Shuja Al -Otaibi
The decision of the Board of Directors was issued on the same date to reshape the Executive Committee from its date until the end of the current council session on 01/13/2027
Members of the committee before re -formation:
Saad Salib Mutlaqi Al -Otaibi (President)
Muhammad Yaqoub Youssef Al -Makhaq
Iyad Abdul Rahman Muhammad Al -Bunyan
Members of the committee after re -formation as follows:
Muhammad Yaqoub Youssef Al -Muttalif (President)
Engineer Iyad Abdul Rahman Muhammad Al -Bunyan
Majid Mesfer Al -Ghafili
The Board of Directors’s decision was issued on the same date to cancel the investment committee and integrate its powers with the powers of the Executive Committee.