Tatweer, a Riyadh-based real estate company, has appointed Engineer Khaled Madkhali as its new Chief Executive Officer, with immediate effect.  

The company announced: “The Board of Directors...has appointed Engineer Khaled Madkhali as the new CEO. Together, we look forward to a future marked by exceptional achievements and innovative development concepts under his leadership and insightful guidance.”  

Khaled also commented: “I am honoured by this trust and grateful to the BOD of Tatweer Company for the opportunity to lead one of the premier real estate development companies in the Kingdom. I look forward to achieving further accomplishments with the team, enriching the company’s legacy in line with its strategic vision and ambitious goals for a better developmental future.”  

In his new role, Khaled brings over 25 years of strategic leadership experience. Most recently, he served as Executive Advisor for Strategic Projects for the Royal Commission for Riyadh City. He also worked with PIF as the Senior Director of Local Real Estate, Alistithmar Capital as the Assistant General Manager, Inmaia as the Development & Project Management Director, and Sogouf Real Estate as the CEO.

Previously, Khaled also served at The Centennial Fund as COO, at KSB Capital as VP of Business Development, as a Financial Analyst with the Capital Market Authority, and held key roles at Bakheet Investment Group, Al-Jazira Bank, and Saudi American Bank. Throughout his leadership journey, he also served as a key board member for OLOOF Development Company, ARDARA, the Saudi Association of Real Estate Sciences, Saudi Downtown Company, Jasara, and other real estate firms.  

On the academic front, he holds a bachelor's degree in Architecture from King Fahd University of Petroleum & Minerals, and has completed a Senior Executive Leadership program at Harvard Business School.  

Khaled takes over from former CEO Riyadh Al Thagafi, who has stepped down after nearly four years of service. Al Thagafi has been appointed to the Board of Directors, as the company announced: “We are also pleased to announce the Board of Directors’ appointment of Mr. Riyadh as a member of the company’s Board of Directors. We are proud of all we have accomplished together and appreciate all his continuous valuable efforts.”  

The company also thanked him, adding: “..extends its gratitude and appreciation to the esteemed CEO, Mr. Riyadh, for his years of achievements at Tatweer, during which he served as an inspiring leader and a skilled expert with a proven track record in achieving strategic goals and translating the internal vision into numbers and accomplishments.”  

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Al Thagafi also shared: “After nearly four incredible years as CEO of Tatweer, I have decided to step down from my role and transition to a new position as a Board Member. It has been an amazing journey, filled with challenges, growth, and remarkable achievements—made possible by the dedication and hard work of my colleagues. I am truly proud of what we have accomplished together, and I have full confidence that the team, under the leadership of the new CEO brother Khaled Madkhali , will continue to drive Tatweer forward to even greater success.”

He added: “Wishing my colleagues and the new CEO all the best as they continue the journey we started. I look forward to supporting Tatweer’s continued growth and success in my new capacity as a Board member Excited to support from a new perspective and witness the bright future for Tatweer..”