The privately-held investment firm with assets in health care and food named Bruno Navarro as its chief restructuring officer
Al Mehyas has been leading the company following a major reorganisation last year
About 50 per cent of federal agencies will be merged with each other or within ministries
Ashok Aram, who also heads the firm’s international private and commercial bank operations, is departing for personal reasons
The kingdom banned Julphar’s products in September 2018 for failing to meet regional standards
The restructuring is aimed at reorganising Binladin’s assets into sector-led businesses and streamlining operations
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