Riyadh – Mubasher: Al Omran Industrial Trading Company has appointed Muhammad Omran Al Omran as the board’s new Chairman for the coming three years, according to a bourse disclosure.
The company also announced that Nasser Mohammed Nasser bin Omran will hold the position of the Vice Chairman, while Abdulrahman Mohammed Nasser bin Omran will be the Managing Director, respectively.
Meanwhile, the three officials will assume their roles for a new board term that begins on 18 September 2022 and will remain in position until 17 September 2025.
During the first half (H1) of 2022, the Saudi listed firm logged net profits after Zakat and tax worth SAR 5.87 million, an annual plunge of 18.97% from SAR 7.25 million.
The company’s revenues fell by 7.22% year-on-year (YoY) to SAR 75.93 million during the January-June 2022 period from SAR 81.84 million.
Furthermore, the earnings per share (EPS) stood at SAR 0.98 in H1-22, lower than SAR 1.20 in H1-21.
