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Shams Names New Board and CEO
Shams Tourism Projects Company announced the implementation of comprehensive administrative changes, including the removal of the previous Board of Directors with the approval of the General Assembly, which had a 41.3% attendance rate. A new board was formed for a four-year term starting from July 17, 2026. Majed Al-Otaibi was appointed as Vice Chairman and Chief Executive Officer after the termination of the previous CEO's contract. Additionally, new board members were selected, and committees for audit, nominations, development, and investment were established to enhance the company's financial and operational performance.
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