Bawan Company announced that its Board of Directors, based on the recommendation of the Nominations and Remunerations Committee, to appoint Mr. Mohammad bin Ahmed Al-Balawi as CEO of the company as of 1st July, 2022 hoping that God will grant him success in his new position. Mr. Mohammad bin Ahmed Al-Balawi received a Bachelors degree in Economics and Administrative Sciences with a specialization in Accounting, a Postgraduate Diploma in Business Administration, and a Masters Degree in Business Administration from City University of London. His practical and administrative experience exceeds twenty years in the fields of investment, business development, strategic planning, team management, financial management, accounting and auditing.

Mr. Mohammad Al-Balawi joined Bawan Company in 2011 as the CFO of the Group and worked during that period directly on the company's IPO file in the Saudi capital market and participated in the management of all investment projects of the Group until the present day.