Riyadh – Mubasher: Batic Investments and Logistics Co on Sunday said its chairman Abdulaziz bin Ibrahim Al-Eissa has resigned his post on 14 August.

The board approved the resignation on 9 September, noting that it was effective the same day.

Al Eissa left his post to take up a position at a government entity, Batic said in a statement to the Saudi Stock Exchange (Tadawul).

Deputy chairman Ahmed Al Sanee was appointed as acting chairman until Al Eissa’s successor is announced, the firm added.

Al Eissa held the position of chairman at Batic Investments since July 2015.

Batic’s rose 0.66% to close Sunday at SAR 38.25.