Maharah’s executive board member resigns after rejecting CEO’s incentive plan

Maharah Human Resources Co. announced on Wednesday that the executive board member, Yousef Bin Mohamed Al Gafari, submitted his resignation on Dec.18, 2019.

The company, in a statement to Tadawul, said the board of directors approved the resignation on Dec. 31, noting that it was effective from the approval date.

Al Gafari commenced his term as a board member on Nov.2, 2018, but resigned for not accepting the chief executive officer’s long-term incentive plan ratified by the board of directors, the statement clarified.