Wafrah Company, Saudi Arabia’s leading food and beverages manufacturer, has appointed Mohammed Almuzel as Managing Director, effective immediately.

The company announced on Tadawul: “Wafrah for Industry and Development Company announces the decision of the Board of Directors on July 22, 2025, to appoint Mr. Mohammad Kamal Ahmed Almuzel as Managing Director, effective from this date until the end of the current board term on January 13, 2027.”

In his new role, Almuzel brings around two decades of banking and finance experience. He has been serving Wafrah Co. as a board member and Chairman of the Audit Committee since 2024. Most recently, he served Saad Bin Solaib Alotaibi & Sons Holding Company as Vice President of Treasury and Investment for over three years.

Previously, he held roles with Riyad Bank as Assistant Vice President of Corporate Banking, Saudi Hollandi Bank as Corporate Relationship Manager, and Samba Financial Group as Credit Analyst.

In addition to Almuzel’s appointment, the company also confirmed the resignation of Abdullah Mohamed Al-Shehri from the role of Chief Executive Officer. It stated, “The Board of Directors made a decision on July 22, 2025, to terminate the assignment of the acting CEO, Mr. Abdullah Mohamed Al-Shehri. The Board of Directors thanks Mr. Abdullah Mohamed Al-Shehri for his efforts during his assignment as Acting CEO.”

Al-Shehri was appointed as CEO in January 2025 after former CEO Rayan Mohammad Abdulaziz Al-Mansour stepped down from the position in December 2024. 

You may also like:

• Secretary General NCOSH: Mental Health at Work Needs Leadership and Culture Shift
• Leading the Amazon Way: 16 Principles that set the standard for everyone, not just its employees
• Saudi Arabia to introduce AI lessons in schools starting 2025
• UAE set to become leading global hub for remote workers
• KSA HR ministry classifies expat work permits by skill levels, details here

Following this, the company’s board has also restructured its Audit Committee, Remuneration and Nominations Committee, and Executive Committee with immediate effect.