Al Othaim names Abdulmalik Al Othaim acting CEO as Mobarah resigns

MD Abdulmalik Al Othaim assigned the CEO’s duties, effective Aug. 19, 2026

Abdullah Al Othaim Markets Co. said its board of directors approved the resignation of CEO Muaffaq Mobarah for personal reasons.

Managing Director Abdulmalik Al Othaim was assigned the CEO’s duties, effective today, Aug. 19, until a new CEO is appointed, according to a statement on Tadawul.

Abdulmalik holds a bachelor’s degree in science from Suffolk University in the US, obtained in 2020.

He is a board member, Managing Director and Executive Committee member at the company. Abdulmalik also serves as CEO of Abdullah Al Othaim Investment Co. and holds management and board positions at several other companies. He has extensive experience in retail, financial services, investments, financial research and analysis, and strategic planning.