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Dar Al Majid Real Estate Company (Al Majid Real Estate) announced the appointment of Raed bin Mohammed Al Naim as CEO of the company, as of November 1, 2026, replacing Abdulsalam bin Abdulrahman Al Majid, who was decided to end his assignment as CEO, while continuing to be a member of the Board of Directors and a managing director.
The company said in a statement published on the Saudi Stock Exchange website that its board of directors issued the decision on October 22, 2026, to be effective from November 1.
Al-Naim has a career and leadership that spans about 28 years in the banking and investment sectors
28 years of banking and investment experience
The new CEO, Raed Al-Naim, has a career and leadership spanning about 28 years in the banking and investment sectors, during which he held senior executive positions in the field of corporate finance at a number of banks, before assuming the position of CEO of one of the listed joint stock companies.
The new CEO, Raed Al Naeem, has a career and leadership spanning about 28 years in the banking and investment sectors
His expertise includes areas of executive leadership, strategy development and implementation, corporate finance, investment structuring, mergers and acquisitions, and management of business development initiatives, institutional transformation and corporate governance.
Al-Naim has previously served on the boards of directors of a number of companies, which allowed him to gain diverse experiences in management and institutional supervision.
In terms of academic qualifications, Raed Al-Naim holds a bachelor’s degree in accounting from King Faisal University, in addition to completing a number of advanced programs specialized in leadership, finance and corporate structuring.
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