Riyadh - Mubasher: Knowledge Tower Trading Company approved the resignation of its CEO, Abdullah Al Anzi, due to personal circumstances.
The company accepted the resignation on 5 October 2023, yet it came to effect as of 2 October.
Knowledge Tower, meanwhile appointed Majed Al Ammar as the new CEO effective from 5 October this year, according to a statement to the Saudi Exchange (Tadawul).
Al Ammar has more than 20 years of experience in the field of education and training, where he was part of projects with the government, as well as the listed Saudi Arabian Oil Company (Aramco) and Saudi Electricity Company (SEC).
In December 2022, Knowledge Tower's board proposed distributing SAR 2.18 million as cash dividends, equal to 12.50% of the capital, to shareholders for the fiscal year (FY) which ended on 31 March 2021.
