Middle East Healthcare Company (Saudi German Health) Announces the Resignation of Board of Directors Members and Audit Committee Members
Middle East Healthcare Company (Saudi German Health) Announces the Resignation of Board of Directors Members and Audit Committee Members
| Introduction |
Introduction
Middle East Healthcare Company (Saudi German Health) announces the resignation of the following Board of Directors members and Audit Committee members, as the resignations were submitted on 04/12/1447H corresponding to 21/05/2026 and shall be effective as of the same date: 2. Makarem Sobhi Abduljalil Batterjee (Vice Chairman of the Board – Non-Executive Member) 3. Amr Mohammed Khalid Khashoggi (Board Member and Chairman of the Audit Committee – Independent Member) 4. Mohammed Mustafa Mohammed Omar bin Siddiq (Board Member and Chairman of the Nomination and Remuneration Committee – Independent Member) 5. Sultan Sobhi Abduljalil Batterjee (Board Member – Non-Executive Member) 6. Ahmed Mohammed Khalid Al-Dahlawi (Audit Committee Member – External Member) The Company affirms its commitment to maintaining its normal business operations and safeguarding the interests of its shareholders. The Company also confirms that the aforementioned decision does not result in any material financial impact on the Company or its financial position, and the necessary procedures will be taken to elect new Board members. |
|---|---|
| Resigned Member Name | Sobhi Abduljail Ibrahim Batterjee |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2026-05-21 Corresponding to 1447-12-04 |
| Resignation Effective Date | 2026-05-21 Corresponding to 1447-12-04 |
| Membership Starting Date for the Resigned Member | 2023-09-17 Corresponding to 1445-03-02 |
| Reasons of Resignation | Pursuant to the decision of the Appeal Committee for the Resolution of Securities Disputes No. (4254/L.S/2026) for the year 1447H regarding the penalty prohibiting them from working for entities subject to the supervision of the Capital Market Authority for a period of one year. |
| Resigned Member Name | Makarem Sobhi Abduljail Batterjee |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2026-05-21 Corresponding to 1447-12-04 |
| Resignation Effective Date | 2026-05-21 Corresponding to 1447-12-04 |
| Membership Starting Date for the Resigned Member | 2023-09-17 Corresponding to 1445-03-02 |
| Reasons of Resignation | Pursuant to the decision of the Appeal Committee for the Resolution of Securities Disputes No. (4254/L.S/2026) for the year 1447H regarding the penalty prohibiting them from working for entities subject to the supervision of the Capital Market Authority for a period of one year. |
| Resigned Member Name | Amr Mohammed Khalid Khashoggi |
| Membership Type | Independent |
| Resignation Submission Date | 2026-05-21 Corresponding to 1447-12-04 |
| Resignation Effective Date | 2026-05-21 Corresponding to 1447-12-04 |
| Membership Starting Date for the Resigned Member | 2023-09-17 Corresponding to 1445-03-02 |
| Reasons of Resignation | Pursuant to the decision of the Appeal Committee for the Resolution of Securities Disputes No. (4254/L.S/2026) for the year 1447H regarding the penalty prohibiting them from working for entities subject to the supervision of the Capital Market Authority for a period of one year. |
| Resigned Member Name | Mohammed Mostafa Mohammed Omar Bin Siddiq |
| Membership Type | Independent |
| Resignation Submission Date | 2026-05-21 Corresponding to 1447-12-04 |
| Resignation Effective Date | 2026-05-21 Corresponding to 1447-12-04 |
| Membership Starting Date for the Resigned Member | 2023-09-17 Corresponding to 1445-03-02 |
| Reasons of Resignation | Pursuant to the decision of the Appeal Committee for the Resolution of Securities Disputes No. (4254/L.S/2026) for the year 1447H regarding the penalty prohibiting them from working for entities subject to the supervision of the Capital Market Authority for a period of six months. |
| Resigned Member Name | Sultan Sobhi Abduljail Batterjee |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2026-05-21 Corresponding to 1447-12-04 |
| Resignation Effective Date | 2026-05-21 Corresponding to 1447-12-04 |
| Membership Starting Date for the Resigned Member | 2023-09-17 Corresponding to 1445-03-02 |
| Reasons of Resignation | Pursuant to the decision of the Appeal Committee for the Resolution of Securities Disputes No. (4254/L.S/2026) for the year 1447H regarding the penalty prohibiting them from working for entities subject to the supervision of the Capital Market Authority for a period of one year. |
| Resigned Member Name | Ahmed Mohammed Khalid Al-Dahlawi |
| Membership Type | - |
| Resignation Submission Date | 2026-05-21 Corresponding to 1447-12-04 |
| Resignation Effective Date | 2026-05-21 Corresponding to 1447-12-04 |
| Membership Starting Date for the Resigned Member | 2023-09-17 Corresponding to 1445-03-02 |
| Reasons of Resignation | Pursuant to the decision of the Appeal Committee for the Resolution of Securities Disputes No. (4254/L.S/2026) for the year 1447H regarding the penalty prohibiting them from working for entities subject to the supervision of the Capital Market Authority for a period of one year. |
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