Al Majdiah appoints Al Naeem as CEO
ALMAJDIAH
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Riyadh – Mubasher: Dar Al Majed Real Estate Company’s (Al Majdiah) board of directors agreed to appoint Raed bin Mohammed Al Naeem as the company’s CEO.
The appointment is scheduled to take effect on 1 November 2026. Al Naeem joins the company with approximately 28 years of professional and leadership experience across the banking and investment sectors.
He has previously held senior positions in corporate finance at several banks and served as the CEO of a listed joint-stock company.
His expertise includes strategic planning, corporate finance, investment structuring, and mergers and acquisitions.
Al Naeem holds a bachelor’s degree in accounting from King Faisal University.
The board also approved the conclusion of Abdulsalam bin Abdulrahman Al Majed’s tenure as acting CEO, effective 1 November.
Al Majed had been serving in the acting role since 9 November 2025. Following the transition, he will continue to serve the company in his capacity as a board member and managing director.
The board expressed its appreciation for Al Majed’s contributions during his period as acting head of the firm.
In September, Al Majdiah inked a SAR 2.80 billion deal with Knowledge Economic City and Capital Hill Financial to develop a mixed-use real estate project in Madinah.
Source: Mubasher Source: {{details.article.source}}