The Board of Directors of Al-Mowasat Medical Services Company, a leading healthcare provider in the Kingdom of Saudi Arabia, announced its key decisions regarding the restructuring of the Board and its committees for the upcoming term. Mr. Mohammed bin Sultan Al-Subaie was appointed Chairman of the Board, and Mr. Nasser bin Sultan Al-Subaie was appointed Vice Chairman and CEO of the company, reflecting continued confidence in the leadership that has contributed to the company's growth and expansion.
In an official statement published on the Saudi Stock Exchange (Tadawul) website, the company explained that these decisions were based on the results of the Ordinary General Assembly meeting held on December 4th. The meeting saw the election of the Board of Directors for a new four-year term, commencing on January 4, 2026, and concluding on January 3, 2030.
In order to strengthen executive management and ensure efficient operations, the Board appointed Mr. Khalid bin Sulaiman Al-Saleem as Managing Director of the company, and Mr. Adel bin Saleh Abu Hamra as Secretary of the Board. The Board also approved Mr. Khalid Al-Saleem (Managing Director) and Mr. Ahmed Radwan as the company's representatives to the Capital Market Authority, the Saudi Stock Exchange (Tadawul), and the Securities Depository Center Company (Edaa), for all purposes related to the application of the Capital Market's regulations and bylaws.
Forming the committees emanating from the council
The administrative decisions included the formation of key committees that play a pivotal role in the company's governance and policy development. The Executive Committee was formed, chaired by Mr. Nasser Al-Subaie, with Mr. Khalid Al-Saleem, Dr. Sami Al-Abdulkarim, and Mr. Ibrahim Ababtain as members. This committee is responsible for overseeing the implementation of strategic plans and monitoring the company's operational performance.
The decisions also included the formation of the Nominations and Remuneration Committee, chaired by Dr. Mohammed bin Sulaiman Al-Kathiri, with Dr. Sami Al-Abdulkarim and Mr. Fahd Al-Aslami as members. This committee is considered a cornerstone in ensuring the effectiveness of the board and executive management by reviewing organizational structures and compensation policies, in line with the good governance standards followed in publicly traded companies.
The importance of administrative stability in the healthcare sector
These appointments are particularly significant given the major transformations underway in Saudi Arabia's healthcare sector as part of Vision 2030. Al-Mowasat Medical Services is a key player in this vital sector, and the stability and clear vision of its board of directors contribute to the company's ability to expand its network of hospitals and medical services. Economic experts emphasize that strong governance and stable leadership in listed companies enhance investor confidence and support the sustainability of long-term financial and operational growth.
