The board of directors of Savola Group has accepted the resignation of Muwaffaq Mansour Jamal, chief executive office of Panda Retail Co., effective immediately.

 

The board also appointed Rayan Mohammed Fayez as acting CEO of Panda, a 91 percent owned subsidiary of Savola, the company said in a statement to Saudi bourse, Tadawul.

 

Fayez is also the CEO of Savola Group. Earlier he was the managing director and CEO of J.P Morgan Bank in Saudi Arabia.

 

Panda, one of the largest retailers in the Middle East, forms the retail division of the Savola Group. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

Savola shuts down 101 Pandati stores in 2016 as retail losses mount
Savola’s Q1 net profit hurt by retail losses

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request