Al Jouf Cement CEO Steps Down, Qais Balas Named Managing Director

Al Jouf Cement Company announced on Tuesday that its Board of Directors decided not to renew the contract of CEO, Mr. Abdulkarim bin Mohammed Al-Nuhair, as per his request.

The Board also approved the appointment of Mr. Qais Hussein Balas as the Managing Director (Executive Board Member), effective from the date of the Decision until the end of the current Board term on August 05, 2027.

Balas brings more than 25 years of leadership experience. He previously served as CEO of Al-Manaseer Cement Factory, one of the largest industrial groups in the Hashemite Kingdom of Jordan. His experience also includes roles as Executive CFO at GMS Group and Senior Internal Auditor at Fastlink.

He also held the position of Director of Investments and Business Development at Hikma Group, a company listed on the London Stock Exchange