Riyadh – Mubasher: Rawasi Albina Investment Company has appointed Marzouq Mutib Mutlaq Al Otaibi as the new Chairman of the board.

Al Otaibi assumed his new role on 2 January 2023 for the current board term that will end on 12 September this year, according to a bourse filing.

The new official holds bachelor's and master's degrees in security sciences from Naif Arab University for Security Sciences (NAUSS).

Meanwhile, Salman Ghazai Nour Al Jedaie maintained his position as the board’s Vice Chairman.

Last August, Rawasi Albina began the listing and trading of its shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul).

In the first half (H1) of 2022, the company’s net profits after Zakat and tax amounted to SAR 9.46 million, an annual decline of 6.05% from SAR 10.07 million.

Revenues increased by 21.87% to SAR 55.38 million in H1-22 from SAR 45.44 million in H1-21, while the earnings per share (EPS) went down to SAR 1.72 from SAR 1.83.