Riyadh – Mubasher: Sami Abdulmohsen Al Hokair resigned from his position as the CEO of Abdulmohsen Alhokair Group for Tourism and Development (Alhokair Group).
Al Hokair resigned from his position on 25 February 2024, yet the resignation will be effective on 3 March, according to a bourse statement.
Nonetheless, he will maintain his membership in the Board of Directors as Managing Director.
Meanwhile, Fahad bin Mohammad Al Obailan will succeed Al Hokair on 3 March. Al Obailan held leadership positions in Seera Group Holding and Abdul Latif Jameel Group, the last of which was the position of Chief of Tourism at the Al Musafer subsidiary for the Seera Group.
At the beginning of this year, Alhokair Group inked a joint deal valued at nearly SAR 760 million to provide catering services in one of the residential complexes in NEOM.
