Tabuk Agricultural Development Co. (TADCO) has approved the resignation of Chief Executive Officer Khaled bin Saleh Al-Amoudi and appointed current Chairman Nasser Dhaifallah Al-Rahili as its new CEO and Managing Director, effective November 27, 2026.
The board approved the termination of its contractual relationship with Al-Amoudi at his request during the probationary period, citing his desire to retire. He will continue in his role until 26 November to facilitate the handover of responsibilities to his successor.
As part of the leadership changes, Al-Rahili will move from his current position as Chairman to CEO and Managing Director, while retaining his membership on the board. The company said changes relating to the board chairmanship and certain board committees would be announced separately.
Al-Rahili brings more than 27 years of professional and leadership experience spanning executive management, strategic planning, project management and operations.
He has held several senior leadership positions in the energy and municipal services sectors. He has served as TADCO's Chairman since August 12, 2025, while also chairing its Executive Committee and Strategy and Investment Committee.
He holds a bachelor's degree in electrical engineering, specialising in electronics and communications, from King Abdulaziz University, which he obtained in 1999.
Al-Amoudi was appointed CEO of TADCO effective June 1, 2026. He brings more than 25 years of leadership and executive experience across the industrial, logistics, insurance, financial and institutional transformation sectors.
He holds a PhD in economics from Umm Al-Qura University, a master's degree in finance from the University of Business and Technology, and a bachelor's degree in geological sciences from King Abdulaziz University.