Shams appoints new board and CEO
Shams Tourism Projects Company announced significant administrative changes, as the General Assembly approved the removal of the previous Board of Directors due to financial and operational underperformance, unmet expectations, and accumulated losses. A new Board of Directors was elected for a four-year term beginning on July 17, 2026. Majed bin Nawar Al-Otaibi was appointed as Vice Chairman of the Board and Managing Director, as well as CEO, following a restructuring of management and the formation of various committees, aimed at improving the company's performance and better utilizing its resources.
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