Announcement by Morabaha Marina Financing Co. on the Appointment of the Acting Chief Executive Officer
| Element List | Explanation |
|---|---|
| Introduction | Morabaha Marina Financing Co. announces that the Board of Directors resolved on 26/01/1447H corresponding to 21/07/2025G to appoint Mr. Yousif Abdullah Ali Al-Yousef as the Acting Chief Executive Officer of the Company for a period of three (3) months starting from 09/04/1447H corresponding to 01/10/2025G, after obtaining the non-objection from the Saudi Central Bank on his appointment dated 09/04/1447H corresponding to 01/10/2025G. |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the Appointed Person | Yousif Abdullah Ali Al-Yousef |
| Date of Board Resolution | 2025-07-21 Corresponding to 1447-01-26 |
| Date Work Commencement | 2025-10-01 Corresponding to 1447-04-09 |
| Brief Resume | Mr. Yousef Abdullah Ali Al-Yousef holds the position of Chief Financial Officer at Morabaha Marina Financing Company. He possesses more than 18 years of experience in the fields of finance, accounting, and governance, having held leadership positions at Saudi Aramco Group, Al-Oula Aviation Company (formerly Maqamala Aviation), in addition to practical experience at the Saudi Basic Industries Corporation (SABIC).
Mr. Yousef Al-Yousef also holds several professional and academic qualifications, most notably: Certified Public Accountant (CPA) from the state of Washington, USA, Certified Management Accountant (CMA) from the Institute of Management Accountants (IMA), a Master’s degree in Accounting and Finance from the University of Technology Sydney, and a Bachelor's degree in Accounting from Imam Muhammad ibn Saud University. He is also a graduate of the Executive Leadership Development Program (CFO Track) offered by INSEAD Business School.
The Board of Directors has expressed their wishes for his success and prosperity in his upcoming duties. |
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