19 DEC 2021
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | National Shipping Company of Saudi Arabia (Bahri) announces the resignation of its CEO, Eng. Abdullah Ali Aldubaikhi in order to pursue his career elsewhere. The Board approved the resignation on 19 December 2021 effective 1 April 2022.
The Board also approved the appointment of a member of its Board of Directors Eng. Ahmed Ali Alsubaey (Non-Executive) as the CEO of Bahri as of 1 April 2022 and amending his membership status to be an executive member as of that date.
The Board extends its gratitude and appreciation to Eng. Abdullah Aldubaikhi for his services and contribution to Bahri, wishing him all the best.
The Board also wished the new Managing Director Eng. Ahmed Alsubaey the success in his upcoming role. |
| ELEMENT LIST | EXPLANATION |
|---|---|
| Name of the Resigned CEO | Eng. Abdullah Ali Al-Dubaikhi |
| Resignation Acceptance Date | 2021-12-19 Corresponding to 1443-05-15 |
| Resignation Effective Date | 2022-04-01 Corresponding to 1443-08-29 |
| Reasons for Resignation | To pursue his career elsewhere |
| ELEMENT LIST | EXPLANATION |
|---|---|
| Appointment Type | Appointment |
| Name of the CEO | Eng. Ahmed Ali Alsubaey |
| Date of Board Resolution | 2021-12-19 Corresponding to 1443-05-15 |
| Date Work Commencement | 2022-04-01 Corresponding to 1443-08-29 |
| Brief Resume | Eng. Ahmed Alsubaey holds a BSc and a Master’s in Electrical Engineering from the University of Arizona, USA and an Executive MBA from Stanford University, USA. He was the CEO of S-Oil in South Korea, where he was named “South Korea Most Respect CEO of the year 2009”. Eng. Ahmed held various leading roles in Saudi ARAMCO, the most recent was the Vice President for Marketing, Sales and Supply Planning. |