Eid Al Shammari resigns as Seera board member for several reasons

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Seera Holding Group said board member and nomination and remuneration committee chairman Eid Al Shammari resigned from both roles on Aug. 7.

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In a filing to Tadawul, the company cited Al Shammari’s resignation letter, which raised concerns over an unclear medium- and long-term strategy that hindered performance measurement and risk assessment.

He also highlighted weak compliance with regulatory procedures in key decisions, impacting governance and transparency, particularly regarding provisions for certain assets and related disclosures.

Al Shammari criticized decisions made without adequate study or objective debate, raising questions about internal controls, especially in asset sales. He had served on the board since March 29, 2024.