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SIEC awarded SAR 14.4m Saudi companies’ representation project in Iraq

SIEC awarded SAR 14.4m Saudi companies’ representation project in Iraq
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Riyadh – Mubasher: The Saudi Industrial Export Company (SIEC) has received a letter from the Saudi Export Development Authority (Saudi Exports) awarding it the Saudi companies’ representation project in Iraq.

Under the project, which is valued at SAR 14.419 million, SIEC will represent 100 Saudi firms in Iraq in collaboration with Saudi Exports in addition to the current and future contracts’ service, according to a filing to the Saudi bourse on Thursday.

In a separate statement, SIEC said its board approved by circulation the resignation of the company’s CEO, Hazim Fahad Al Dosary, which was submitted for personal reasons.

The decision is effective from 1 October 2020. Al Dosary will continue to serve as a non-executive board member. 

Moreover, the board approved to name Sulaiman Hamad Al Jadei as the new CEO.