CAIRO: Supermarket and shopping mall business Abdullah Al-Othaim Markets has announced the resignation of its CEO Mohsen Saqer Hussein.
The listed Saudi company, which operates food wholesale, grocery stores and shopping malls in Egypt as well as the Kingdom, has appointed Muwaffaq Jamal as his replacement.
Hussein resigned due to family circumstances that require his continuous presence outside the Kingdom, but will continue as an adviser to the firm's board of directors.
Jamal was formerly an independent board member, and will begin as CEO on the same day as Hussein steps down, Dec. 17, to ensure a smooth transition of tasks.
