Saudi Arabian Cement CEO to step down in January

Saudi Arabian Cement CEO to step down in January
Published: 14 December 2009

Saudi Arabian Cement Company’s chief executive Muhammad Uthman has resigned and will be replaced by Ali al-Khuraimi, early next year, a bourse statement said on Saturday.

"The board of directors at Arabian Cement Company have accepted the resignation of its chief executive Muhammad Uthman, which he submitted on Nov. 23," the firm said in the statement.

The resignation will take effect on January 1 2010 when Khuraimi takes over, the statement said.