Care shareholders elect board members for a new term

National Medical Care Co.’s (Care) shareholders have approved a board recommendation to terminate the current board of directors’ term as of Sept. 15, 2019, the company said in a bourse statement.

Shareholders have also elected board members for a new three-year term starting on Sept. 15, 2019.

The new board includes Saad Abdulmuhsn Al Fadly and Michael B. Davis as representatives for NMC Saudi Arabia; Badr Fahad AlAthel as representative of FAL Holding; Mai M. Al-Hoshan; Bashar A. Abal Khail; Mashhour M. Al-Obaikan; Sami Al-Khashan; Abdulmohsen Al Ashry as representative of NMC Saudi Arabia; and Abdullah bin Abdulaziz Al Bathi.

They have also discharged board members from liabilities during the period from Jan.1, 2019 until the general assembly’s date.

Meanwhile, they have formed the audit committee for the upcoming new term.

In June, Care received a letter from NMC Healthcare KSA, in which the latter requested to hold a general meeting to vote on terminating the current three-year term of the board of directors, Argaam reported earlier.