Logo ofAl Jouf Cement Co.
Al Jouf Cement Co.’s board of directors accepted the resignation of CEO Abdulkarim Al Nuhayer during a meeting on July 7, the company said in a statement on Tadawul. 
The resignation will take effect at the end of Al Nuhayer’s contract on Aug. 21, following his decision not to renew.
The board also approved the appointment of Qais Balas as Managing Director, effective immediately, through the end of the current board term on Aug. 5, 2027.
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Balas brings more than 25 years of leadership experience. He previously served as CEO of Manaseer Cement, one of Jordan’s largest industrial groups.
He also held senior roles, including CFO at GMS Holdings, senior internal auditor at Fastlink, and director of investments and business development at Hikma Pharmaceuticals, a London-listed company, where he demonstrated strong expertise in global markets.
Logo ofAl Jouf Cement Co.
Al Jouf Cement Co.’s board of directors accepted the resignation of CEO Abdulkarim Al Nuhayer during a meeting on July 7, the company said in a statement on Tadawul.
The resignation will take effect at the end of Al Nuhayer’s contract on Aug. 21, following his decision not to renew.
The board also approved the appointment of Qais Balas as Managing Director, effective immediately, through the end of the current board term on Aug. 5, 2027.
For more news on listed companies
Balas brings more than 25 years of leadership experience. He previously served as CEO of Manaseer Cement, one of Jordan’s largest industrial groups.
He also held senior roles, including CFO at GMS Holdings, senior internal auditor at Fastlink, and director of investments and business development at Hikma Pharmaceuticals, a London-listed company, where he demonstrated strong expertise in global markets.
