MMAG Holdings Berhad announced resignation of Ym Tengku Farith Rithauddeen as Independent and Non Executive Deputy Chairman. Age is 52. Nationality is Malaysia.

Date of change is 30 June 2023. Reason: Pursue his personal interest. Qualifications: Arts in Economics from Carleton University Ottawa, Canada.

Working experience and occupation: YM Tengku Farith is currently the Group Chief Executive Officer and Co-Founder of SKALI. In 2002, he has selected as one of the 100 Global Leaders for Tomorrow (GLT) by the World Economic Forum, Davos of Switzerland. In 2004, he was the first recipient of the Young Entrepreneur award by the Malay Chamber of Commerce, Malaysia and in 2006 was awarded the prestigious Eisenhower Fellowship for 2007 by the Eisenhower Foundation, USA.

In 2008, he was awarded Most Outstanding Entrepreneur for 2008 by the Asia Pacific Entrepreneurs Award (APEA) Organization. In March 2012, YM Tengku Farith was awarded the BMW Stifung Herbert Quandt Young Leaders. His latest recognition was a nomination by Top 10 of Malaysia Magazine for Top 10 Inspiring Technopreneurs in Malaysia.

His career began with Commerce International Merchant Bankers (CIMB) in the corporate finance division. He was a key team member in the Corporate Finance and Capital Market divisions. He has in-depth knowledge about corporate restructuring, corporate financing and financial re-engineering.

Throughout his career at CIMB, YM Tengku Farith established relationships with various investment bankers, analysts, researchers, venture capitalists and private investors, and was involved in corporate advisory services for Penang Port, agencies under the Ministry of Rural Development and KPJ Healthcare Bhd. He then moved on to Road Builder (M) Holdings Berhad and was responsible for its business development in property and infrastructure projects. At Road Builder, he was instrumental in securing numerous privatization projects relating to property and infrastructure.

He left Road Builder in year 1997.