Takween’s CEO resigns; Acting CEO appointed

TAKWEEN
1201 1.18% 5.14 0.06

Riyadh - Mubasher: Majed Nofal resigned from his position as the CEO of Takween Advanced Industries Company due to personal reasons, effective on 30 June 2026.

The board member announced Marwan Jreige as Acting CEO, starting from 1 July, according to a bourse filing.

Jreige possesses extensive executive experience in financial management and industrial operations across the packaging, manufacturing, and food industries in the Middle East region.

He holds a bachelor's degree in Business Administration; a Master of Business Administration (MBA) from the University of Kaslik; and a Master of Science in Finance from ESA Business School and SDA Bocconi School of Management (2024).

The official took over several executive positions within Takween, including CEO, Chief Financial Officer, and CEO of operating business units.

In the first quarter (Q1) of 2026, the company reported 99.57% year-on-year (YoY) higher net losses at SAR 18.99 million, compared to SAR 9.51 million.

Source: Mubasher Source: {{details.article.source}}