Astra Industrial Group Announces the Appointment of CEO

01/12/2013 11:33 AST

Astra Industrial Group announces today December 1st, 2013 the Appointment of CEO Mr. Mohammad Abdullah Al Hagbani as the new CEO of the Group, effective 1/1/2014.Mr. Al Hagbani is joining AIG with 10 years of prior experience in different industries. To date, he has held the post of general manager for investment research at the general organization for social insurance GOSI. Prior to that he was a senior member within the investment group at AlRajhi Bank. He has also lead a team in managing part of the endowment fund of Virginia Tech University USA.Mr. Al Hagbani holds a bachelor degree with honors from Virginia Tech University USA majoring in finance. Mr. Al Hagbani represented GOSI on the boards of several companiesFurthermore, the Board has appointed Mr. Ghassan Akeel, a member of the Board, as acting CEO for the interim period between 1/12/2013 and 31/12/2013.


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ASTRA GROUP ANNOUNCES OBTAINING A ISLAMIC BANKING FACILITIES

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Astra Industrial Group announces the signing of Islamic Banking Facilities agreement with The Saudi British Bank (SABB) as following:

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SR129.7m dividend from Astra

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Astra Industrial Group will distribute SR129.7 million as dividend to its shareholders, according to Tadawul website. The dividend is to be divided at SR1.75 per share.

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Astra Industrial Group announces update on Tanmiya factory

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Further to the announcement dated 25/3/2013 published by Astra Industrial Group on Tadawul related to the updates of Al Tanmiya Company for Steel, in which it has 51% share; the company received a le

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