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KMEFIC’s CEO resigns

KMEFIC’s CEO resigns
The announcement has no material impact on KMEFIC’s financial position
KMEFIC
KMEFIC
-1.05% 93.90 -1.00

Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) announced that the company’s CEO, Adel Fahad Al Humaidhi, had recently submitted his resignation.

The resignation is effective as of 1 June, according to a stock exchange statement on Monday.

The announcement has no material impact on the company’s financial position.

Last year, KMEFIC posted 53.8% higher profits at around KWD 655,420, compared with KWD 426,080 a year earlier.