United International Holding Co. Faces a Tragic Transition Amid Market Debut

United International Holding Co., a financial services firm based in Saudi Arabia, announced on Sunday the passing of its CEO, Sakhr Abdulrahman Mohammed Al-Mulhem, who died on December 6. The news comes at a pivotal moment for the company, which recently marked its public debut on the Tadawul stock exchange.

The organization shared that updates regarding a successor for the CEO position will be provided in due course.

Known as Tasheel Finance, the firm operates as a subsidiary of the Saudi-listed United Electronics Company (eXtra), specializing in non-banking financial services tailored for eXtra’s clientele.

United International began trading on December 3, following an IPO in which eXtra divested a 30% stake in the firm, raising $264 million.

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