Over 79 chairmen, board members resign from Saudi-listed firms in 2020

Chairman Resignations in 2020

Company

Chairman

Resignation date

Reasons

Petro Rabigh

Abdulaziz Al Gudaimi

Feb. 1

Personal reasons

SABIC

Abdulaziz Saleh Aljarbou

June 16

Saudi Aramco’s acquisition of Public Investment Fund’s (PIF) stake in SABIC

Almarai

Sultan bin Mohammed Al Kabeer

March 9

Personal reasons

Alahli Takaful Co.

Khalid AlGalib AlSharif

March 1

Retirement

ACIG

Thamer Abdullah M. Al Rayes

Sept. 7

Personal reasons

Jabal Omar

Abdulaziz Al Subaie

Jan. 27

Personal reasons

SEDCO Capital REIT

Abdul Raouf Sulaiman Banagah

Oct. 11

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Board member resignations in 2020

Company

Member

Resignation date

Reason

Saudi Aramco

Andrew Gould

March 19

Personal reasons

MEPCO

Khaled Saleh Fahad Al Khattaf

May 10

Personal reasons

Saudi Steel Pipe

Nader Muhammad Ashour

Sept. 1

Personal reasons

SABIC

Roberto Gualdoni

June 16

Saudi Aramco acquired PIF’s stake in SABIC

Rashid bin Ibrahim Sharif

Alujain

Saad bin Shaher Al-Faridi Al-Harbi

Dec. 31

Business reasons

Nama Chemicals

Issam Abdulaziz Al Seqair

March 16

Practical corporate governance engagements that entail discontinuity in the membership of the boards of directors of listed firms

Saudi Paper

Badr bin Sulaiman Al-Selea

April 13

Unable to carry out duties

Hassan bin Muraizin Asiri

Zahrat Al Waha

Abdul Rahman Mohammed Abdul Rahman Al-Zwaidi

March 15

Associated with other work

Al-Khodari

Riyad Sulaiman
Al Kharashi

Dec. 8

Personal reasons

SIECO

Hazem Fahd Al-Dossary

Dec. 28

Personal reasons

Saudi Printing

Majed bin Abdulrahman Al Issa

Nov. 4

Personal reasons

Al-Samaani

Saad Bin Amash Al-Shammary

Sept. 13

Business reasons

SAPTCO

Alaa bin Abdullah Al-Fada

July 22

The member's relationship with the Ministry of Finance ended

Naseej

Monther bin Mohammed Abdullah Al-Sorayai

Feb. 26

Personal reasons

Nader Al Nasser

Aug. 26

Special circumstance

Abdullah Hamdan Abdullah Al-Sorayai

Dec. 23

Personal reasons

Lazurde

Selim Chidiac

March 18

Increasing the number of independent board members

Fitaihi Group

Mohammed Ahmed Hassan Fitaihi

July 1

To avoid any future conflicts of interest

Tihama

Obaid bin Saad Al-Abdali

July 28

Personal reasons

Shaker

Enrique Martinez

July 28

The inconsistency of the appointment of non-Saudi board members under the Commercial Agencies Law

Francesco Toscano

Waltherus Cornelis Matthijs

Thimar

Nayef Mohammed Saleh Al-Salem

July 7

Personal reasons

Ahmed Tariq Murad

July 8

Personal reasons

Fayez Abdullah Ayesh Al-Zaidi

Dec. 7

Personal reasons

Wafrah

Ibrahim Mohammed Hadi Al Daghrir

Oct. 19

Appointed to the Shura Council

Halwani

Ahmed bin Abdullah Khayat

July 16

Business reasons

Tabuk Agricultural

Ahmed bin Abdul Aziz bin Abdullah Al-Samari

Jan. 22

Personal and health reasons

Mohamed Abdullah Abdulaziz Al-Rajhi

Sept. 12

Personal reasons

Ash-Sharqiyah

Khalid bin Abdul Hamid bin Hussein Al Shihab

April 12

Personal reasons

Care

Abdullah bin Abdulaziz Al-Buthe

June 22

Personal reasons

Saudi German Hospital

Ali Abdul Rahman Abdullah Al-Quwiz

July 28

Disagreement in views

Sulaiman Al Habib Group

Samer Saeed Mohammed Jundi

March 30

Personal reasons

Bank Aljazira

Nabil bin Dawood Al Hoshan

Oct. 7

Personal reasons

SABB

Maria Ramos

Dec. 31

Personal reasons

Amlak International

Adel Hussein Ahmed

Oct. 27

Personal reasons

MEDGULF

Nasser bin Hadi Al-Qahtani

June 13

He joined a public office

Abdulaziz bin Badr Al-Abdul-Jabbar

Oct. 20

Appointed to the Shura Council

Allianz SF

Hicham Raissi

Sept. 30

For holding a new job in Allianz Group

Salama

Wael Saad Al-Rashed

March 1

To assist the company in restructuring of the board of directors

Mari` bin Saad Al-Habash

June 10

To facilitate restructuring of the board

Mustafa Ghazi Khriba

Dec. 26

Personal reasons

SABB Takaful

Sami bin Jadaan al-Muhaid

Feb. 29

Personal reasons

UCA

Omar Makharch

April 27

Irregularities that might damage the company

Al Alamiya

Muhammad Ali Al Shekwan

March 5

Resigned from Riyad Bank

Wafa Insurance

Ali Abd Rab AlRasoul Al Saleh

Jan. 22

Personal and business reasons

Abdulrahman Al-Omaim

Oct. 19

Business reasons

Haytham Youssef

Saudi Enaya

Johann Michael Bitzer

Jan. 19

Personal reasons

Mazen Sulaiman Al-Faqih

Nov. 1

Personal reasons

ACIG

Tariq bin Abdullah Al-Rumim

Oct.20

Personal reasons

Zain KSA

Scott Gegenheimer

Dec. 6

Personal reasons

Etihad Atheeb

Walid bin Ahmed bin Mohammed Bamarouf

March 17

Personal reasons

Ihab Anwar Hanawi

Dec. 31

Based on the letter of Batelco's Chairman

Abbas Ali Ghuloom Haji

April 7

Personal reasons and to devote himself to other responsibilities

Raed Abdullah Fakhry

May 31

Based on the letter of Batelco's Chairman

Red Sea

Muhammad Ali bin Hassan Ikhwan

April 1

Personal reasons

Muhammad Husnee Jazeel

Nov. 11

Personal reasons

Jabal Omar

Yasser Faisal Al-Sharif

Feb. 16

Personal reasons

Mansour Abdul Aziz Al-Busaili

March 1

Personal and practical reasons

Abdul Rahman Mohammed Al-Rawaf

Nov. 23

Personal reasons

Arab Sea

Abdullah Ali Al-Faraiji

Oct. 1

Current practical reasons

SEDCO Capital

Nawaf Jamjoom

May 17

--

MEFIC Capital

Kholoud Hassan Al-Ghati

Jan. 7

--

Swicorp

Abdullah Saud Al-Kulaibi

July 12

--

Bonyan REIT

Hani Ibrahim Ahmed Obaid

Oct. 27

--

Al Rajhi REIT

Gaurav Shah

Feb. 9

--

Al Rajhi REIT

Abdulaziz Al Sabt

Nov. 8

--

Al Mashaar REIT

Khalifa bin Abdullah bin Mohammed Al Hatami

Nov. 8

--

Mulkia Gulf REIT

Bader Bin Khalid AlQahtani

April 30

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