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Saudi MESC appoints new CEO

Saudi MESC appoints new CEO
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Riyadh – Mubasher: Middle East Specialized Cables Company (MESC) has appointed Fadhil Fawzan Alsaadi as the new CEO of the company.

Alsaadi has officially assumed the position on 5 April this year, according to a bourse disclosure on Tuesday.

The new CEO holds a bachelor’s degree in Engineering in the field of chemical engineering, with a 20-year experience in business leadership.

During the third quarter (Q3) of 2021, the Saudi company reported a net loss after Zakat and tax worth SAR 9.10 million, compared to profits of SAR 4.30 million in the same three months a year earlier.