Twareat Medical Care Co. Announces an update on Twareat Medical Care Co. announces the appointment of the Chairman and Vice Chairman, the formation of the board committees, and the appointment of the Company’s representatives.
| Element List | Explanation |
|---|---|
| Introduction | Referring to the announcement of Twareat Medical Care Co. dated 16-11-1446H corresponding to 14-05-2025G appointing the Chairman and Vice Chairman of the Board of Directors for the new term that began on 11-05-2025G and will continue for a period of four years ending on 10-05-2029G. |
| Previous Announcement | Twareat Medical Care Co. announces the appointment of the Chairman and Vice Chairman, the formation of the board committees, and the appointment of the Company’s representatives. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-05-14 Corresponding to 1446-11-16 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The company announces that it's board of Directors received on Thursday evening, 23-12-1446H corresponding to 19-06-2025G a letter from both Dr. Tariq bin Mohammad Al-Hamdan (Chairman of the Board of Directors) and Mr. Saleh bin Mohammad Al-Mulhim (Vice Chairman of the Board of Directors) requesting their resignation from the chairmanship and deputization of the Board of Directors while continuing their membership in the Board of Directors.
The Board of Directors issued its resolutions on the evening of Saturday, 25-12-1446H, corresponding to 21-06-2025, as follows:
1- Accepting the resignation of Dr. Tariq bin Mohammed Al-Hamdan from his position as Chairman of the Board of Directors, while continuing as a non-executive member of the Board. 2- Accepting the resignation of Mr. Saleh bin Mohammed Al-Mulhim from his position as Vice Chairman of the Board of Directors, while continuing as a non-executive member of the Board. 3- Appointing Mr. Amer bin Mohammed Al-Amer (non-executive member) as Chairman of the Board of Directors. 4- Appointing Dr. Khalid bin Mohammed Al-Hamdan (non-executive member) as Vice Chairman of the Board of Directors. 5- Appointing Mr. Mohamed bin Tarek ElSayed (Acting Chief Executive Officer) as an additional member of the Executive Committee. 6- Updating the company’s representatives with the Capital Market Authority, the Saudi Tadawul Group, and the Securities Depository Center Company (Edaa) for all purposes related to the implementation of the Capital Market Law and its executive regulations |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
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