Al Akaria says CEO Ibrahim Alalwan resigns

Saudi Real Estate Co.’s (Al Akaria) board of directors approved, on May 27, the resignation of Chief Executive Officer (CEO) and Managing Director Ibrahim Alalwan, as of July 31, due to personal reasons.

Alalwan will continue to hold his board membership, the company said in a Tadawul filing today, May 28.

The company will announce any development on the appointment of the CEO in due course.