Almujtama Alraida Medical Co. Announces the appointment of a member to fill the vacant seat on the Board of Directors.
| Element List | Explanation |
|---|---|
| Introduction | Almujtama Alraida Medical Co. announces the Board of Directors' resolution, issued on September 22, 2026 (via circulation), to appoint Mr. Rakan Mohammed Abdullah Abunayyan (Non-Executive) as a member of the Board of Directors to fill the vacant seat and complete the current term, which ends on July 31, 2030. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Rakan Mohammed Abdullah Abunayyan |
| Membership Type | Non- Executive |
| Membership Start Date | 2026-09-22 Corresponding to 1448-04-11 |
| Brief Resume of the Appointed Member | Mr. Rakan Mohammed Abunayyan serves as the Managing Director of Mohammed Abunayyan Investment Company, bringing extensive experience in investment management, listed equities, private equity, governance, and strategy. He is a board member of the Middle East Paper Company (MEPCO) and Al-Wasaeil Industrial Company both listed on the Saudi stock market and serves on MEPCO’s Strategic and Executive Committees, Al-Wasaeil’s Executive Committee, and the Board of Directors of Article Cables in Uzbekistan. Additionally, he chairs the boards of Afaq Express and Kaizen Foods, and heads the Strategic Committee at Almujtama Alraida Medical Company. Holds a bachelor’s degree in Entrepreneurship from Suffolk University and a "Certified Board Member" certification from the GCC Board Directors Institute, in addition to specialized executive programs from the International Institute for Management Development (IMD). |
| The date of the approval by other official authorities | Not applicable |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-09-22 Corresponding to 1448-04-11 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
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