Al Rashid Industrial announces resignation and appointment of Board Member

Al-Rashid Industrial Company announced the decision of the Board of Directors to approve the acceptance of the resignation of the Vice Chairman of the Board of Directors, Eng. Ibrahim bin Sulaiman bin Ibrahim Al-Manea, which he submitted due to his personal circumstances, and the appointment of Mr. Abdullah bin Sulaiman bin Fahad Al-Issa (independent member) as Vice Chairman of the Board of Directors.
The Board also approved the appointment of Mr. Waleed Hamad Mohammed Al-Rashed Al-Humaid as a non-executive member of the Board of Directors as of Dec. 14, 2023, provided that he completes the remaining statutory term of the current Board session.
Mr. Waleed has more than 18 years of experience in the financial sector, where he started his career in treasury management at Saudi Aramco, then joined HSBC Saudi Arabia where he worked in portfolio management and equity research, then moved to Jadwa Investment Company, where he served as Vice President of Private Investment Portfolio Management and then moved to NCB Capital as Head of Equity Investments, and before joining Al Rajhi Capital, Mr. Waleed held the position of General Manager of Asset Management at HSBC Saudi Arabia.
Mr. Waleed bin Hamad bin Mohammed Al-Rashed Al-Humaid holds a Bachelor’s degree in Finance from King Fahd University of Petroleum and Minerals and a Master’s degree in Financial Economics from Boston University.
The Board of Directors extends its sincere thanks and appreciation to Eng. Ibrahim bin Sulaiman bin Ibrahim Al-Manea for his efforts during his membership in the Board of Directors, wishing him success