In a strategic move aimed at ensuring business continuity and enhancing administrative efficiency, the Board of Directors of Malakiyah Investment Company announced its approval, at its meeting held on Thursday, to appoint the Vice Chairman and Managing Director, Mr. Sultan bin Mohammed Al-Hadithi, as Acting Chief Executive Officer. This decision is intended to manage the company's operations during the upcoming transitional phase, until the appointment of a new CEO is finalized, effective January 18, 2026.
Leadership experience and high academic qualifications
In its official statement published on the Saudi Stock Exchange (Tadawul) website, the company explained that Al-Hadithi's selection was based on his distinguished academic and professional background. He holds a Bachelor of Science degree in Accounting with honors from King Saud University, providing him with a strong foundation in financial management, in addition to a Master of Business Administration (MBA) degree from London Business School (LBS), one of the world's most prestigious business schools.
Al-Hadithi possesses extensive and accumulated experience in vital areas including corporate restructuring, strategic planning, and managing diversified investments in securities, private equity, and real estate. This experience qualifies him to lead the company at this stage, particularly given the evolving challenges and opportunities in the financial market.
A proven track record in boards of directors and publicly traded companies
Al-Hadithi's professional record extends beyond academia, encompassing board memberships and committee roles in several major public and private companies in Saudi Arabia. These memberships have honed his skills in governance and strategic decision-making. Among the most prominent companies he has served on are:
- Saudi Automotive Services and Equipment Company (SASCO).
- Saudi Chemical Company.
- Nahaz Investment Company.
- Zawaya Real Estate Company.
- The Star of Cities group.
- Middle East Battery Company (MEPCO).
- United Wire Factories Company (Aslak).
The economic context and the importance of the decision
This decision comes at a time when the investment and asset management sector in Saudi Arabia is witnessing remarkable development in line with the objectives of Vision 2030, which focuses on strengthening the role of the financial sector and deepening the capital market. Investment companies licensed by the Capital Market Authority, such as Malakiyah Investment, play a pivotal role in stimulating institutional savings and investment.
The appointment of someone with Sultan Al-Hadithi's experience reflects the Board of Directors' commitment to maintaining the company's stability and ensuring the uninterrupted continuation of its expansion plans. Having experienced leadership in business management sends a reassuring message to shareholders, investors, and clients, and underscores the company's commitment to sound governance standards, which require an executive management team capable of dealing with market fluctuations with flexibility and high efficiency.
