Latest news with #Wafrah
Argaam
22-07-2025
- Business
- Argaam
Wafrah board appoints MD, reshuffles committees
Wafrah for Industry and Development Co. appointed Mohammad Almuzel as Managing Director (MD) effective July 22, through the end of the current board term on Jan. 13, 2027, and ended the assignment of Acting CEO Abdullah Al-Shehri. In a Tadawul filing, the company said the board also restructured the Audit, Remuneration and Nominations, and Executive Committees on the same date, with terms running through Jan. 13, 2027. The Audit Committee previously included Almuzel as Chairman, along with Abdullah Al-Hamood and Saad Al-Sunaidi. After the reshuffle, the members are Mohammad Alotaibi as Chairman, Badr Al-Fadda, and Abdullah Al-Hamood. The Remuneration and Nominations Committee formerly included Alotaibi as Chairman, Al-Fadda, and Almuzel. It now consists of Majed Alghufaili as Chairman, Al-Fadda, and Alotaibi. The Executive Committee initially included Saad Alotaibi as Chairman, Mohammad Al Mukhadeb, and Eyad Albunaian. It now includes Mohammad Al Mukhadeb as Chairman, Albunaian, and Alghufaili.
Argaam
02-03-2025
- Business
- Argaam
Wafrah extends MoU with Jordanian firm for French fries plant
Wafrah for Industry and Development Co. extended the terms of its memorandum of understanding (MoU) with Jordan's Al-Daman for Investment Co. for an additional six months beyond the original expiration date, the company said in a statement to Tadawul. The extension aims to allow for further studies on the economic feasibility of the Jordanian market and neighboring countries, the statement added. According to Argaam data, Wafrah signed the MoU with Al-Daman on Aug. 28, 2024, outlining a cooperation framework between the two parties to establish a frozen French fries production plant in Jordan.
