Nahdi Medical Company Announces the Formation of the Audit Committee for the new Board term

08 October 2026 08:04 AM

NAHDI 4164 -0.45% 87.85 -0.40

Element List	Explanation
Introduction	Nahdi Medical Company Announces the Board of Directors’ resolution, at its meeting held on 07-10-2026, to form the Audit Committee for the new term, which shall commence its duties as of 05-10-2026 for a period of four years, ending at the expiry of the current Board term on 04-10-2030, as follows:

Element List	Explanation
Appointed Member Name	Abdulatif Ali Al-Seif (Independent Member) Chairman
Membership Start Date	2026-10-05 Corresponding to 1448-04-24
Brief Resume of the Appointed Member	The Chairman of Saudi Investment Bank and he also sits on the boards of Saudi Agricultural and Livestock Investment Company, Wisayah Global Investment Company, Southern Province Cement Company, Arabian Internet & Communications Services Company and Albilad Tourism Fund. Additionally, he is the CEO and Executive Director at Sabeen Investment Company. Mr. Al-Seif holds an MBA and a Master’s degree in Economics from Boston University, USA
The date of the approval by other official authorities	Not applicable

Element List	Explanation
Appointed Member Name	Wael Kamal Eid (Outside the board) Committee Member
Membership Start Date	2026-10-05 Corresponding to 1448-04-24
Brief Resume of the Appointed Member	Has extensive experience in risk management and Islamic banking across the Middle East and Europe. He has served as Chief Risk Officer at SEDCO Holding and held various Audit and Risk Committee roles. In addition, he successfully reformed risk and governance processes at QInvest Bank, including the implementation of an automated reporting framework. He is also an author, guest lecturer, and international speaker specializing in risk management and Islamic finance. Dr. Wael Eid holds a PhD in Risk Management from Durham University.
The date of the approval by other official authorities	Not applicable

Element List	Explanation
Appointed Member Name	Waleed Abdullah Temarik (Outside the board) Committee Member
Membership Start Date	2026-10-05 Corresponding to 1448-04-24
Brief Resume of the Appointed Member	Has over 30 years of experience in auditing and accounting. He previously worked with Ernst & Young and Arthur Andersen and has served as Director at Tamairik Certified Public Accountants since 2003. He has extensive board and audit committee experience across several prominent Saudi organizations. Mr. Walid Abdullah Temairik holds a Bachelor’s degree in Accounting from King Abdulaziz University and is a SOCPA Fellow, Certified Public Accountant, and Licensed Bankruptcy Trustee.
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	2026-10-07 Corresponding to 1448-04-26

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