The Saudi Paper Manufacturing Company announces the termination of the CEO's contract and the appointment of a new CEO for the company
| Element List | Explanation |
|---|---|
| Introduction | The Saudi Paper Manufacturing Company announces the termination of the employment contract of the CEO, Mr. Yasser bin Abdul Hamid Al-Bishri, effective Thursday, August 7, 2025
The Board of Directors, based on the recommendation of the Remuneration and Nominations Committee, also decided to approve the appointment of Mr. Abdulaziz bin Raed Al-Mashaal as CEO of the Saudi Paper Manufacturing Company. He currently holds the position of Assistant CEO of the Saudi Paper Manufacturing Company and a member of its Board of Directors since 2021. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Yousseri El Bishry |
| Resignation Acceptance Date | 2025-08-07 Corresponding to 1447-02-13 |
| Resignation Effective Date | 2025-08-07 Corresponding to 1447-02-13 |
| Reasons for Resignation | Termination of the employment contract |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Abdulaziz Raed Al Mashal |
| Date of Board Resolution | 2025-08-07 Corresponding to 1447-02-13 |
| Date Work Commencement | 2025-08-07 Corresponding to 1447-02-13 |
| Brief Resume | Mr. Abdulaziz bin Raed Al-Mashaal has experience in leadership, strategic planning, and development. He holds a bachelor's degree in finance from Alfaisal University. He has served as Assistant CEO of the Saudi Paper Manufacturing Company and a member of its Board of Directors since 2021. He is also a director of several subsidiaries of the Saudi Paper Manufacturing Company. He also serves as a member of the Board of Directors of East Gas Company. |
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