Logo ofDar Al Majed Real Estate Co. (Al Majdiah)
Dar Al Majed Real Estate Co. (Al Majdiah) said its board approved on Oct. 22 the termination of CEO Abdulsalam Al-Majed as acting CEO, effective Nov. 1. He will continue to serve as a board member and Managing Director. 
In a statement to Tadawul, the company said Raed Al Nuaimi was appointed CEO, effective on the same date.
Al Nuaimi has around 28 years of professional and leadership experience in the banking and investment sectors. During his career, he held senior corporate finance positions at several banks before becoming CEO of a listed company.
He also has extensive experience in executive leadership, strategic planning and execution, corporate finance, investment structuring, mergers and acquisitions, business development initiatives, corporate transformation, and corporate governance. He has also served on the boards of several companies.
Al Nuaimi holds a bachelor’s degree in accounting from King Faisal University and has completed several advanced programs in leadership, finance, and corporate structuring.
According to Argaam data, Al Majdiah’s board appointed Managing Director Abdulsalam Al-Majed to serve as acting CEO on Nov. 6, 2025.
Logo ofDar Al Majed Real Estate Co. (Al Majdiah)
Dar Al Majed Real Estate Co. (Al Majdiah) said its board approved on Oct. 22 the termination of CEO Abdulsalam Al-Majed as acting CEO, effective Nov. 1. He will continue to serve as a board member and Managing Director.
In a statement to Tadawul, the company said Raed Al Nuaimi was appointed CEO, effective on the same date.
Al Nuaimi has around 28 years of professional and leadership experience in the banking and investment sectors. During his career, he held senior corporate finance positions at several banks before becoming CEO of a listed company.
He also has extensive experience in executive leadership, strategic planning and execution, corporate finance, investment structuring, mergers and acquisitions, business development initiatives, corporate transformation, and corporate governance. He has also served on the boards of several companies.
Al Nuaimi holds a bachelor’s degree in accounting from King Faisal University and has completed several advanced programs in leadership, finance, and corporate structuring.
According to Argaam data, Al Majdiah’s board appointed Managing Director Abdulsalam Al-Majed to serve as acting CEO on Nov. 6, 2025.
