Saudi-listed MESC appoints new CEO to replace Fawaz Al-Muqbil

RIYADH: Saudi-listed Middle East Specialized Cables Co. has appointed Fadhil Fawzan Alsaadi as CEO, following the resignation of Fawaz Al-Muqbil in December.

Alsaadi will take charge immediately, having received the board’s approval, according to a bourse filing.

With over 20 years of experience in business leadership, Alsaadi is expected to bring his expertise and capability in developing business strategies and boosting organizational visibility and financial stability to peak levels, the company said.

Months earlier, Al Muqbil submitted his resignation due to personal circumstances, after serving the company for nearly two years.