Almarai appoints Ikram UlHaque as CFO after Maras resignation

Logo of Almarai Co. 

Almarai Co. accepted the resignation of CFO Danko Maras, who stepped down for family reasons following a six-year tenure, with the resignation effective from July 1, 2026.

In a Tadawul statement, the company added that Ikram UlHaque was appointed as his successor effective July 1, 2026.

UlHaque holds an MBA from the University of Sydney in Australia and a bachelor’s in economics with a specialization in accounting from Macquarie University in Australia. He is also a member of the Chartered Accountants institutes in Australia and New Zealand.

The company described him as a prominent finance executive who has spent around 20 years at Almarai, having held several key leadership positions across commercial, operational, and corporate functions. Most recently, he served as Group CFO.