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Al Othaim Markets CEO Resigns
Al Othaim Markets Company announced the resignation of CEO Mowafaq Abdullah Mubarah due to personal reasons. He has been succeeded temporarily by Managing Director Abdul Malik Abdullah Al Othaim, who has been assigned the duties of CEO. Al Othaim will assume full responsibility for managing the company during the transition period starting from August 19, 2026, to ensure stable performance and facilitate the appointment of a new CEO. Al Othaim brings extensive experience in the retail and financial services sectors, and this move is aimed at ensuring the company's continued achievement of its goals during this transitional phase.
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