SAIC BOD Appoints Mohamed Al-Shtawi as CEO

Saudi Advanced Industries Company (SAIC) announced on Tuesday the Board of Directors’ resolution by passing on 14.03.2022, based on the recommendation of the Nominations and Remunerations Committee, to appoint His Excellency Mohammed Abdul Aziz Al-Shtawi as CEO of the company starting from 16.05.2022.

It added that The Board of Directors wanted the appointed CEO success in his upcoming practical duties.

It indicated that Mr. Mohammed bin Abdulaziz Al-Shtawi holds a master’s degree MBA 2016 USA, MIT and MA 2008 Financial Engineering – USA NYU, and a Bachelor of Financial Management 2005 King Saud University.

It also indicated he also has distinguished practical experience in many different sectors as a consultant in the Ministry of Finance and assistant to His Excellency the President of the General Authority for Civil Aviation Affairs Finance and Director of the Investment and Cash Department at the Electricity Company and other positions, the most recent of which was the Executive Director of Financial Affairs CFO in the Fund of Funds Company (Jada), which works in the activity of bold investments and private equity, in addition to his experience in the membership of the boards of some listed and closed joint-stock companies.