A company statement cited personal reasons for his decision. It also said the board had accepted his resignation and thanked him for his valuable efforts and contribution to the Group and its subsidiaries.The board has appointed Badr Abdullah Al-Issa as non-executive board member, approving the recommendation of the compensation, nomination and governance committee. Badr Al-Issa is currently serving as a member of the group’s audit committee. As per regulations, the new appointment will be presented to the nearest shareholders general assembly meeting for ratification.According to the statement, Alireza submitted his resignation to the board chairman on June 3.