Logo ofAlsaif Stores for Development and Investment Co. (Alsaif Gallery)
Alsaif Stores for Development and Investment Co. (Alsaif Gallery)accepted the resignation of Muhammad bin Suleiman Alsaif (executive board member) from his position as the company’s CEO and appointed him as Managing Director on the board of directors, effective Dec. 17, 2024. 
In a statement to Tadawul, the company said that the decision aligns with the board’s vision to enhance governance and support the company’s strategic directions. Alsaif has been entrusted with supervisory and leadership responsibilities, including overseeing the implementation of the company’s strategy and working towards achieving its future goals in coordination with the new executive management.
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In a separate statement, the company announced the appointing of Ahmed Alsultan as CEO effective Dec. 17, 2024.
The new CEO brings extensive experience in the retail sector, having held numerous leadership positions, most notably serving as Executive Vice President at Nesk Trading Co. from 2012 to 2018. He continued his successful career by assuming the position of CEO of Thob Al Aseel from 2018 to 2024, achieving many notable accomplishments during his tenure, the statement added.
Additionally, Alsultan has been serving as a member of the board of directors of Alsaif Gallery since 2022, reflecting the significant trust placed in him by leaders in this vital industry, the company indicated.
Logo ofAlsaif Stores for Development and Investment Co. (Alsaif Gallery)
Alsaif Stores for Development and Investment Co. (Alsaif Gallery)accepted the resignation of Muhammad bin Suleiman Alsaif (executive board member) from his position as the company’s CEO and appointed him as Managing Director on the board of directors, effective Dec. 17, 2024.
In a statement to Tadawul, the company said that the decision aligns with the board’s vision to enhance governance and support the company’s strategic directions. Alsaif has been entrusted with supervisory and leadership responsibilities, including overseeing the implementation of the company’s strategy and working towards achieving its future goals in coordination with the new executive management.
For more news on listed companies
In a separate statement, the company announced the appointing of Ahmed Alsultan as CEO effective Dec. 17, 2024.
The new CEO brings extensive experience in the retail sector, having held numerous leadership positions, most notably serving as Executive Vice President at Nesk Trading Co. from 2012 to 2018. He continued his successful career by assuming the position of CEO of Thob Al Aseel from 2018 to 2024, achieving many notable accomplishments during his tenure, the statement added.
Additionally, Alsultan has been serving as a member of the board of directors of Alsaif Gallery since 2022, reflecting the significant trust placed in him by leaders in this vital industry, the company indicated.
