Ayyan Investment appoints new chief executive in Saudi management change
Ayyan Investment is changing its top executive leadership with both the resignation and replacement taking effect on October 4, 2026. The Saudi-listed company says Raed Mohammed Al-Naeem is leaving the chief executive role for special reasons, while Muhammed Abdulaziz Al-Nuwaiser is taking over with more than 20 years of financial and banking experience.
Highlights
- Ayyan Investment's board accepted Raed Mohammed Al-Naeem's resignation and appointed Muhammed Abdulaziz Al-Nuwaiser as CEO, effective October 4, 2026.
- Al-Nuwaiser assumes immediate leadership, bringing over 20 years of financial and banking sector experience, including recent roles at Saudi National Bank.
- The executive change was disclosed through the Saudi Exchange, with the Capital Market Authority and exchange disclaiming responsibility for the announcement's contents.
Board resolution and executive appointment
According to Saudi Exchange, Tadawul said Ayyan Investment's board accepted the resignation of Raed Mohammed Al-Naeem as chief executive officer and approved the appointment of Muhammed Abdulaziz Al-Nuwaiser to the role, both effective 23/4/1448H, corresponding to October 4, 2026.The company says Al-Naeem stepped down for special reasons. The board's decision puts Al-Nuwaiser in charge immediately as the company reshapes its executive leadership.
Al-Nuwaiser brings more than 20 years of professional experience in the financial and banking sector. Most recently, he served as head of the UAE and Dubai International Financial Centre branches of Saudi National Bank.
Experience and sector relevance
The new chief executive has worked across investment, financial markets, treasury, liquidity management, financing and capital management, according to the disclosure. The company also highlights his experience in strategy execution, operational efficiency and corporate governance.Al-Nuwaiser holds a bachelor's degree in aerospace engineering science from King Fahd University of Petroleum and Minerals and a master's degree in advanced finance from IE Business School in Madrid. The leadership change comes through a market disclosure carried by the Saudi Exchange, which notes that the Capital Market Authority and the exchange disclaim responsibility for the contents of the announcement.
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