Tadawul screen
Companies listed on the Saudi Stock Exchange (Tadawul) saw more than 79 resignations in 2020, including from chairmen and board members, data compiled by Argaam showed.
Seven board chairmen resigned for personal or business-related reasons.
Rabigh Refining and Petrochemical Co.’s (Petro Rabigh) chairman, Abdulaziz Al Gudaimi, resigned on Feb. 1, 2020, for personal reasons.
Saudi Basic Industries Corp.’s (SABIC) chairman, Abdulaziz Saleh Aljarbou, resigned on June 16, 2020, following the completion of Saudi Aramco’s acquisition deal.
Almarai Co. announced on March 9, 2020, the resignation of its chairman, Sultan bin Mohammed Al Kabeer, for personal reasons.
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Chairman Resignations in 2020 |
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|
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 |
-- |
|
Board member resignations in 2020 |
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|
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 |
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|
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 |
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|
Zahrat Al Waha |
Abdul Rahman Mohammed Abdul Rahman Al-Zwaidi |
March 15 |
Associated with other work |
|
Al-Khodari |
Riyad Sulaiman |
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 |
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|
Waltherus Cornelis Matthijs |
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|
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 |
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|
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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