Alsorayai Trading and Industrial group announced that Mr. Abdul Aziz bin Nasser Alsorayai member of the Board and Managing Director (CEO) has submitted his resignation from the post of Managing Director (CEO) on 19 April 2016. His resignation was accepted by the members of the Board during the board meeting held on 19 April 2016. The resignation will take effect from the date of 1 July 2016 with continued membership of this board (non - executive).

The resignation is for personal and business reasons. The Board of Directors also decided in their meeting held on 19 April 2016 to assign the operations manager Mr. Andre N. Verdier to the position of Chief Executive officer effective 20 April 2016.