Alamar Foods announces a transition within its executive leadership team

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Announcement Detail	Alamar [Tadawul: 6014], a leading Quick Service Restaurant (QSR) operator within the Middle East, North Africa, and Pakistan (MENAP) Region, announces a significant transition within its executive leadership team. Mr. Yaser AlMasri, Group Chief Financial Officer (CFO), has decided to step down from his position to pursue new professional opportunities. We express our deepest gratitude to Mr. AlMasri for his exemplary service and invaluable contributions throughout his tenure. His leadership has been instrumental in steering Alamar through its highly successful Initial Public Offering (IPO) and guiding the company through pivotal periods of transformation. Mr. AlMasri’s strategic vision and financial expertise have been crucial in laying a solid foundation for Alamar's continued growth and long-term success. In light of this transition, we are pleased to welcome Mr. Mario Jimenez as Alamar’s new Group Chief Financial Officer, effective September 2nd, 2024. Mr. Jimenez is a seasoned financial executive with over 24 years of experience in financial management, category management, and pricing strategy within multinational companies across the world including the MENA region. He holds a Master's in Finance, a Bachelor’s in Economics from the University of Alcala in Spain, and an MBA from IE Business School. Mr. Jimenez’s financial expertise and strategic insight will be invaluable in driving operational excellence and delivering sustained value to our shareholders. We are confident that his leadership will strengthen our team and support our continued growth and success. Mr. AlMasri will remain with the company for an extended period, ensuring a smooth and seamless transition. During this time, he will continue to play an active role in key projects that are vital to our ongoing growth and transformation efforts.

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Explanation

Announcement Detail

Alamar [Tadawul: 6014], a leading Quick Service Restaurant (QSR) operator within the Middle East, North Africa, and Pakistan (MENAP) Region, announces a significant transition within its executive leadership team.

Mr. Yaser AlMasri, Group Chief Financial Officer (CFO), has decided to step down from his position to pursue new professional opportunities. We express our deepest gratitude to Mr. AlMasri for his exemplary service and invaluable contributions throughout his tenure. His leadership has been instrumental in steering Alamar through its highly successful Initial Public Offering (IPO) and guiding the company through pivotal periods of transformation. Mr. AlMasri’s strategic vision and financial expertise have been crucial in laying a solid foundation for Alamar's continued growth and long-term success.

In light of this transition, we are pleased to welcome Mr. Mario Jimenez as Alamar’s new Group Chief Financial Officer, effective September 2nd, 2024. Mr. Jimenez is a seasoned financial executive with over 24 years of experience in financial management, category management, and pricing strategy within multinational companies across the world including the MENA region. He holds a Master's in Finance, a Bachelor’s in Economics from the University of Alcala in Spain, and an MBA from IE Business School.

Mr. Jimenez’s financial expertise and strategic insight will be invaluable in driving operational excellence and delivering sustained value to our shareholders. We are confident that his leadership will strengthen our team and support our continued growth and success.

Mr. AlMasri will remain with the company for an extended period, ensuring a smooth and seamless transition. During this time, he will continue to play an active role in key projects that are vital to our ongoing growth and transformation efforts.