Five resignations from the board of the Saudi German Bank following the decisions of the Saudi Stock Exchange

Middle East Healthcare Company announced the resignation of 5 members of the Board of Directors and one member of the Audit Committee, effective today (Thursday), following the recent decisions issued by the Capital Market Authority regarding a number of officials associated with the company.

The resignations included:

* Sobhi Batterjee – Chairman of the Board (Non-Executive)

* Makarem Batterjee – Vice Chairman of the Board (Non-Executive)

* Amr Khashoggi – Board Member, Chairman of the Audit Committee (Independent)

* Mohammed bin Siddiq – Board Member, Chairman of the Nominations and Remuneration Committee (Independent)

* Sultan Batterjee – Board Member (Non-Executive)

* Ahmed Al-Dahlawi – Member of the Review Committee from outside the Council

The company confirmed that its operations are continuing as normal, while safeguarding the interests of shareholders, noting that the resignations do not have any material financial impact on the company or its financial position.

She added that she would take the necessary steps to complete the formation of the board of directors and elect the new members in accordance with the applicable regulations and procedures.