Tabuk Agricultural Development Company (Tabuk Agriculture) announced that its Board of Directors has decided to assign the Managing Director, Mr. Abdullah bin Ali Al-Salehi, to the duties of the company’s Chief Executive Officer, in a step aimed at ensuring the continuity of business and the efficient conduct of executive operations during the current transitional phase.
This decision follows the company's previous announcement on the Saudi Stock Exchange (Tadawul) website on November 13th, which stated that the Board of Directors had accepted the former CEO's request to terminate his contractual relationship with the company by mutual agreement, with his last day of work being January 12th. This new appointment reflects the company's commitment to filling leadership vacancies with qualified individuals from within the company to ensure a smooth transition.
Distinguished career and leadership experience
Abdullah Al-Salehi possesses a distinguished record of academic and professional experience that qualifies him to lead the company at this stage. He holds a Bachelor's degree in Business Administration from King Abdulaziz University (2008) and an Executive Master's degree in Strategic Planning from the British Board (2018). He further enhanced his leadership skills by completing the Future Leaders Development Program at Harvard Business School in the United States.
On a professional level, Al-Salehi is an executive with extensive experience in vital areas including agriculture, organizational development, operational performance improvement, and digital transformation. He has previously held prominent leadership positions in the private sector, including his role at National Poultry Company, where he led strategic and operational planning and process re-engineering. He also contributed effectively to developing organizational structures and reducing costs at major companies such as Al-Jumaih Factories (Pepsi) and the Saudi Research and Marketing Group, culminating in his role at Tabuk Agricultural Development Company.
The economic context and the importance of the agricultural sector
This appointment is of particular importance in light of the transformations taking place in the agriculture and food security sector in the Kingdom of Saudi Arabia, which is one of the main pillars of the Kingdom’s Vision 2030. Tabuk Agricultural Development Company is one of the leading and long-established companies in this field, playing a pivotal role in meeting the needs of the local market for diverse agricultural products.
Listed agricultural companies face both challenges and opportunities related to adopting smart farming technologies and digital transformation to increase production efficiency and optimize resource consumption. Given Al-Salehi's expertise in digital transformation and performance management, observers expect this appointment to accelerate the company's modernization efforts and strengthen its competitive position in the market, thereby ensuring sustainable returns for shareholders.
In conclusion, administrative stability in public shareholding companies is a crucial factor in enhancing investor confidence, and it is expected that during his tenure, Al-Salehi will work to align the company’s strategies with current market changes, benefiting from his deep experience in restructuring and institutional development.
