National Medical Care Co. Announces Resignation and Appointment of a Board Member

EXPLANATION ELEMENT LIST
National Medical Care Company announces that the Board of Directors have approved through circular resolution the resignation of Mr. Abdullah Abdulaziz Albuthi (Non-Executive) as a board member for personal reasons, and approved the NRC recommendation to appoint Mr. Ahmed wazaa Alqahtani (Non- Executive representing the Saudi Medical Care Group). Effective on the 22nd of June to the end of current board term. This resolution is not final and is subject to the nearest general assembly meeting approval.   Furthermore, National Medical Care Company, represented by its Board of Directors, would like to thank Mr. Abdullah Albuthi for his contribution to the company during his term as board member and wish him success in the future.   Introduction
EXPLANATION ELEMENT LIST
Resigning Member Name Abdullah Abdulaziz Albuthi
Membership Type Non- Executive
Resignation Submission Date 21-06-2020 Corresponding to 29-10-1441
Resignation Acceptance Date 22-06-2020 Corresponding to 01-11-1441
Resignation Effective Date 22-06-2020 Corresponding to 01-11-1441
Membership Starting Date for the Resigning Member 15-09-2019 Corresponding to 16-01-1441
Reasons of Resignation Personal reason
EXPLANATION ELEMENT LIST
Appointed Member Name Ahmed Wazaa Alqahtani
Membership Type Non- Executive
Membership Start Date 22-06-2020 Corresponding to 01-11-1441
Brief Resume of the Appointed Member Mr. Ahmed has Bachelor degree in Finance, King Fahd University of Petroleum and Minerals, he also has leadership and management skills as well as varied experience in investments and development.
EXPLANATION ELEMENT LIST
Date of Board Meeting in which Appointed New Member(s) were Appointed 22-06-2020 Corresponding to 01-11-1441
Board Approval The board resolution is not final and is subject to the nearest general assembly meeting approval.
Additional Information The company also wishes to clarify that NMC SA Company, which owns 49.2% of the company’s shares, has changed its name to (Saudi Medical Care Group).