Yousuf Al Ghafari, chief executive officer of Maharah Human Resources Co. attributed his resignation from the company’s board of directors to a minor disagreement over the long-term incentive plan.
“My resignation will have no material impact on the company’s activities. I still hold the position of the company’s CEO, I only resigned from the board of directors. However, I will not waive my right to get these incentives as they were stated in my business contract,” Al Ghafari told Argaam. He also confirmed his commitment to fulfill the promises taken at the time of the stock offering in 2019.
The company recorded good performance as scheduled and the results will be revealed soon, Al Ghafari indicated, advising investors to buy the low-priced stock.
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