Sulaiman A. Al-Muhaidib is the new chairman of Savola Group. An announcement to this effect was made by the group’s board of directors, which approved the appointment at its meeting on June 23.

The meeting also announced its new board of directors elected for a new office term, which follows the group’s general assembly meeting held on April 19, and posted on the Saudi stock exchange (Tadawul) on April 20. In addition, it formed the new board's committees.

The office term of the new board of directors is for three years from July 1.

The new board members conveyed their blessings and wished him success.

Al-Muhaidib is mentioned as a well-known, leader with excellent and successful leadership competencies. He held the chairmanship position of the group from August 2010 until now.

He also holds many leadership positions in a number of companies and institutions, most notably the chairmanship of Abdulqader Al-Muhaidib & Sons Group of Companies.

He is a member of the board of some banks and joint stock companies that operate in the fields of industry, trade, contracting, and water and energy.