Riyadh – Mubasher: Jazan Development and Investment Company (Jazadco) announced two key appointments for a new board term that will end on 12 April 2029.
The company announced Ibrahim Abdullah Al Jasser as the board’s Chairman for the next four years, according to a bourse filing.
Meanwhile, Feras Khaled Albawardi was appointed as the Vice Chairman as well as the Managing Director.
Jazadco suffered net losses valued at SAR 153.27 million in 2024, an annual leap of 377.49% from SAR 32.10 million.
Revenues jumped by 12.18% to SAR 78.70 million last year from SAR 70.15 million in 2023.
