Riyadh – Mubasher: Majed bin Ayedh Alnefaie has resigned from his post as the CEO of Seera Group Holding due to personal circumstances, according to a bourse filing.

The company’s board accepted Alnefaie’s resignation on 28 January 2023, yet it will be effective on 1 February this year. 

Meanwhile, Seera indicated that it will disclose any further developments regarding the appointment of a new or acting CEO in due course.

In the first nine months (9M) of 2022, the Tadawul-listed firm incurred net losses after Zakat and tax worth SAR 77 million, an annual plunge of 74.50% from SAR 302 million.

Revenues enlarged by 93.46% to SAR 1.62 billion in 9M-22 from SAR 841 million in 9M-21, whereas the loss per share retreated to SAR 0.27 from SAR 1.02.