arab Company for Technical Pledges Announces Leadership Changes
The Arab Company for Technical Pledges has announced significant changes to its leadership structure, including the acceptance of resignations and the appointment of a new chief executive officer.
Resignation and Appointment of Chairman
The company’s board of directors accepted the resignation of CEO Muhammad Abd al-ilah al-Khuraiji, effective May 15, 2025. Simultaneously, the board appointed Mr. Al-Khuraiji as the Chairman of the Board of Directors, a role he will hold until the end of the current council session on March 17, 2026.
Additional Board Resignations
In addition to Mr. Al-Khuraiji’s transition,the board accepted the resignations of two non-executive members:
- Abdul-Ilah Abd al-Rahman al-Khuraiji,who resigned from the board,the chairmanship,and affiliated committees due to personal circumstances,effective May 14,2025.
- Samuel James Kilion Parnet,who resigned from the board and its committees,effective May 13,2025,to pursue his career.
Appointment of New CEO
Mansour Mohamed al-Obeikan has been appointed as the new CEO of the company, with his duties commencing on June 15, 2025.
mr. Al-Obeikan brings nearly 18 years of experience in the banking sector to his new role. He began his career at the First Saudi Bank, progressing through various positions to become the president of the major companies sector. He later joined the Saudi Investment Bank, where he held several positions, most recently as the CEO of Risks since the end of 2019. From 2023 to 2024, he also served as the president of Executive Operations and Details Technology.
According to the company, Al-Obeikan possesses a professional experience that extends for nearly 18 years in the banking sector.
Al-Obeikan’s Additional Roles
Mr. Al-Obeikan’s current roles include membership on the Board of Directors of the Saudi Express Company, where he heads the Executive Committee and participates in the Risk and Credit Committee since 2020. He is also a member of the Risk Committee of the Investment Company Capital since the same year.He has chaired and participated in numerous internal committees with the Saudi Investment Bank and the Investment Company Capital during his tenure.
Furthermore,he has participated in the establishment of several companies and served on their boards of directors in various economic activities,including real estate and private property progress.
Reshaping of Nominations and Bonuses Committee
The company has reshaped its nominations and bonuses committee for the current session. The members are:
- Manaji Fouad Taher Zamakhshari – Chairman of the Committee (independent)
- Muhammad Abd al-Ilah al-Khuraiji (non-executive)
- Muhammad Saud Al-Ghaith (non-executive)
Appointment of Company Representatives
The company has appointed representatives to the Capital Market Authority and the Saudi Capital Market Company (Tadawul) for all matters related to the system, the corporate system, their executive regulations, other relevant regulations, the rules for offering securities, and continuous obligations.
