SHADCO Managing Director submit resignation

17/01/2016 09:53 AST

Ash-Sharqiyah Development Co. announces of submit the Managing Director and Chief Executive Officer Mr. / Mohammed bin Ahmed Al Rahma for his resignation from the post of Member of Managing Director and Chief Executive effective in the board meeting No. 216 held on 16/01/2016. The board of directors agreed of resignation on 16/01/2016 and to be effected from 16/01/2016 with the continuation of the current membership of the Council for full-time work at the head of the Executive Committee . The Chairman and members of Board would like to express thanks and appreciation to Mr. / Mohammed bin Ahmed Al Rahmah for his efforts and his contributions to the fruitful advancement of the company and reflected on its performance since he took office as Managing Director on 08/10/2014 m, and wishing him success and sustainability-time success in his new duties which will support the strategic transformation of company.The Board of Directors also decided to assign General of Administrative and Financial Affairs Director in the company's Engineer / Ayman Bin Zareaa Al Sheikh position of Chief Executive Officer and effective 16/01/2016. Engineer Ayman Al-Sheikh holds a bachelor's degree in planning engineering from King Abdul Aziz University in 2003, he is a planning engineer and interested in the overall quality and performance development and regulation of labor productivity and specialist teams in continuous improvement processes and the development of strategic plans and implementation mechanisms, as he worked in the public and private sectors, and was part of the strategy development teams. The Board and members wished the President of the Council to help and guide the engineer Ayman Al-Sheikh in his new post.

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