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Saudi Arabia-based financial services firm United International Holding Co. said on Sunday its CEO died on December 6.
Sakhr Abdulrahman Mohammed Al-Mulhem’s death comes just days after the company began trading on Riyadh’s Tadawul exchange following an IPO.
The company said it will give further updates related to a new CEO, it said.
Also known as Tasheel Finance, the company is a subsidiary of Saudi-listed United Electronics Company (eXtra), and offers non-banking financial services to eXtra’s clients.
Trading in United began on December 3 after eXtra raised 990 million riyals ($264 million) from the sale of 30% stake in the firm.
(Writing by Brinda Darasha; editing by Seban Scaria)
