4 days ago
Saudi German Health OKs resignation of nominations and remuneration committee Chairman
Middle East Healthcare Co.'s (Saudi German Health) board of directors approved the resignation of Mohammed Moemena, an independent board member and Chairman of the nominations and remuneration committee.
The resignation, submitted on July 2, was due to differences in opinion, perspectives, and a lack of alignment in vision and aspirations, the company said in a statement to Tadawul. The resignation became effective as of Aug. 3.
In addition, Saudi German Health appointed Muhammad bin Siddiq as Chairman of the nominations and remuneration committee as of Aug. 3 to complete the current committee term, which is set to end on Sep. 16, 2026.
Muhammad bin Siddiq holds a bachelor's degree in business administration from King Abdulaziz University and has over 40 years of experience in management across both listed and private companies. He previously served as a board member, Chairman of the nominations and remuneration committee, and a member of the audit committee at Zahr Al Burtuqal Co. (Orange Bed & Bath).
Moreover, the board appointed Ghazi Ahmed Hasanain as an independent member to fill the vacant seat on the board as of today, Aug. 4. He will serve for the remainder of the current board term ending Sept. 16, 2026.
Ghazi has more than 40 years of experience in management, engineering, higher education, consulting, and the healthcare sector. He holds a PhD in civil engineering from the University of Missouri-Rolla in the US and held academic and leadership roles at several institutions, including King Abdulaziz University, King Fahd University of Petroleum and Minerals, and King Abdullah University of Science and Technology (KAUST).
The board's approval of the appointments is provisional and will be presented at the upcoming general assembly meeting for confirmation, the statement said.
