Riyadh – Mubasher: The board of Saudi Industrial Investment Group (SIIG) has appointed a new Chairman and a Deputy Chairman for four years.

The board appointed Khalil Ibrahim Alwatban as Chairman and Saad Saleh Alrwaite as Deputy Chairman, according to a bourse filing.

During the meeting held on 18 May 2024, SIIG’s board also appointed representatives to the Capital Market Authority (CMA), the Saudi Exchange (Tadawul), and the Securities Depository Center (Edaa), along with the board secretary.

SIIG turned to a net profit of SAR 28 million in the first quarter (Q1) of 2024, versus a net loss of SAR 242 million in Q1-23.