Tourism Enterprises Co. appointed Muhannad bin Saleh Al Onaizan as its new Chief Executive Officer on 4 June. Shams highlighted that Al Onaizan will resume his new position on 1 July, according to a bourse filing.

The CEO holds a master's degree in applied financial sciences. He also has practical experience across local Saudi banks. Moreover, the new official previously served as head of the business development department in Saudi Tadawul Group.