Al Moammar Information Systems, the Saudi technology integrator listed on the Saudi Exchange, has assigned executive management of the company to its vice chairman, Ibrahim Al Moammar, from the start of November. The board took the decision and disclosed it to the exchange on 6 October 2026. The assignment runs for six months or until a new chief executive is appointed, whichever comes first, and Al Moammar's board classification changes from non-executive to executive on the same date.
The company said its chief executive's contract will remain in effect until the end of October and that the board had approved his request not to renew it for personal reasons. No successor has been named and the company did not indicate a timetable for the search. The disclosure carried no quotation from any director or executive.
Ibrahim Al Moammar has been vice chairman of the company since 2008 and a member of its nomination and remuneration committee since 2022. He holds a bachelor's degree in business administration from King Saud University in Riyadh, awarded in 1991. He chairs four affiliated technology and medical systems companies, was general manager and a partner at Electronic Maps Company from 2008 to 2024, and sat on the board of Edarat Communication and Information Technology Company from 2008 to 2019.
Al Moammar Information Systems is one of the longest established information technology integrators in Saudi Arabia, supplying infrastructure, managed services and systems integration to government and large corporate customers. The company has in recent years been positioning itself around data centre capacity and artificial intelligence infrastructure as Saudi public sector digitisation spending has accelerated under Vision 2030.
A six-month ceiling on an interim arrangement is a more meaningful disclosure than the handover itself. It tells the market the board expects to have a permanent chief executive within that window and is prepared to be measured against it, which is unusual candour in a Tadawul leadership disclosure and reduces the discount investors would otherwise apply to an open-ended interim. The more significant detail is the reclassification of a long-serving vice chairman from non-executive to executive. That removes him from the independent side of the board for the duration and narrows the pool of directors able to supervise the executive he becomes, so the governance question for shareholders is what oversight structure the board puts in place for the six months. Boards that convert a non-executive into an executive without naming a compensating oversight arrangement usually face that question at the following general assembly.
