AI Summary
More than 100 chief executives and board members at several Tadawul-listed companies have resigned over the last 16 months, according to a study conducted by Argaam Research.
Resignations were submitted for either personal or declared reasons.
A total of 71 resignations were handed in for undeclared reasons, 29 of which came from top executives, managers, and board members. Executives falling into this category include Al-Rajhi Bank’s chief executive Suliman Bin Abdulaziz Azzabin and Mubarrad chairman Abdulaziz bin Saud bin Naif bin Abdulaziz, who both made recent exits.
Remaining resignations came from board members, with a large portion coming from the insurance sector.
|
Resignations (2014-2015) |
||||
|
Number of shares |
Resignation date |
Position |
Name |
Company |
|
25.993 |
July 17, 2014 |
Board member |
Abdulrahman Amin Jawah |
Saudi Fransi |
|
443.330 |
May 1, 2014 |
Board member |
Saleh Abdulaziz Al-Omair |
|
|
12.173 |
May 17, 2015 |
CEO |
Suliman Abdulaziz Azzabin |
Al-Rajhi Bank |
|
62.000 |
February 24, 2015 |
Chairman |
Khalid Qassim Al-Buainain |
Petro Rabigh |
|
-- |
March 24, 2015 |
Vice Chairman |
Osamu Ishitobi |
|
|
25.000 |
May 10, 2015 |
Chairman |
Abdulaziz bin Saud bin Naif bin Abdulaziz |
Mubarrad |
|
-- |
December 31, 2014 |
CEO |
Saleh Fahad Al Nazha |
Tasnee |
|
1,000 |
April 30, 2015 |
CEO |
Fahad Rashed Al-Otaibi |
Nama Chemicals Group |
|
6,000 |
March 31, 2015 |
Chairman |
Mazyad Sardah Al Khaldi |
Saudi Kayan |
|
1,610.000 |
March 31, 2015 |
Vice Chairman-Managing director |
Ahmad Omar Al Abdullatif |
City Cement |
|
1,200 |
March 19, 2014 |
Board member |
Adnan Abdul Fatah |
Arabian Cement |
|
2,000 |
January 1, 2015 |
General Manager |
Zamil Abdul Rahman Al-Muqrin |
Eastern Province Cement |
|
1,000 |
January 12, 2015 |
Board member |
David Anthony Price |
Al Mouwasat Medical Services Company |
|
--- |
December 31, 2014 |
CEO |
Othman Abdullah Abahussein |
National Medical Care Company |
|
-- |
March 9, 2015 |
CEO |
Karim Mansour Al Dahabi |
eXtra |
|
1,000 |
July 13, 2014 |
Board member |
Khaled Abdul Latif Al-Fouzan |
|
|
1,000 |
July 13, 2014 |
Board member |
Waleed Abdulaziz Al Saghir |
|
|
1,000 |
April 8, 2015 |
Board member |
Mohammad Abdul Karim Al-Mayouf |
Themaar |
|
1,000 |
January 6, 2015 |
Board member |
Mohammad Ibrahim Al-Shabnan |
National Gas and Industrialization Company |
|
1,000 |
July 14, 2014 |
Board member |
Ahmad Abdullah Al Aqeel |
Saudi Electricity Company |
|
1,000 |
February 25, 2015 |
Board member |
Abdulraouf Mohammad Mannaa |
SAVOLA Group |
|
1,000 |
August 17, 2014 |
Board member |
Khalid Abdullah Al-Mulhem |
Saudi Catering |
|
1,000 |
February 16, 2015 |
Board member |
Yousef Abdul Sattar Al Maimani |
|
|
1,000 |
February 5, 2015 |
Managing director |
Abdulrahman Abdulaziz Sulaiman |
Jazan Development |
|
31.100 |
July 31, 2015 |
Board member |
Saleh Nasser Al Jasser |
Mobily |
|
2,870.000 |
March 1, 2015 |
Board member |
Abdulaziz Abdul Rahman Al-Mdaimigh |
Tawuniya |
|
1,250 |
November 24, 2014 |
Board member |
Ramzi Al-Nassar |
Medgulf |
|
1,000 |
February 19, 2014 |
Chairman |
Abdullah Hasan Al Abdul Qadir |
Allianz Saudi Fransi |
|
-- |
February 19, 2014 |
Board member |
Abdulrahman Jawa |
|
|
1,000 |
September 8, 2014 |
Board member |
Faisal Mustafa Alkurdi |
Salama Cooperative Insurance |
|
1,000 |
April 16, 2014 |
Board member |
Ammar Al-Khudairi |
Arabian Shield Cooperative Insurance |
|
1,000 |
September 22, 2014 |
Chairman |
Yousef Alborsheed |
SABB Takaful |
|
1,105 |
April 21, 2014 |
Board member |
Abdullah Al Howaish |
|
|
10.000 |
February 12, 2015 |
Board member |
Dakheel Allah Saud Al Otaibi |
Sanad Insurance |
|
1,000 |
February 9, 2015 |
Board member |
Khalid Hamad Al Otaibi |
|
|
-- |
February 9, 2015 |
Board member |
Fahad Mohammad Al Majed |
|
|
10.000 |
January 29, 2015 |
Board member |
Mohammad abdulaziz Al-Fayez |
|
|
-- |
August 30, 2014 |
CEO |
Saleh Abdulrahman Al Helaissi |
|
|
10.000 |
July 2, 2014 |
Board member |
Ali Mohammad Al-Shasha’a |
|
|
-- |
Ma 11, 2014 |
Board member |
Abdullah Mohammad Al-Sadhan |
|
|
1,000 |
April 2, 2014 |
Board member |
Ahmad Abdullah Al-Aqeel |
|
|
1,000 |
March 11, 2014 |
Board member |
Abdullah Sultan Al-Sultan |
|
|
2,000 |
February 20, 2014 |
Board member |
Mohammad Sulaiman Al-Jarbu |
|
|
1,000 |
January 20, 2014 |
Chairman |
Mohammad Ibrahim Al Mojil |
|
|
280 |
April 8, 2015 |
CEO- Managing director |
Saleh Abdulaziz Al-Subail |
Wafa Insurance |
|
1,000 |
April 12, 2015 |
Board member |
Youva Hanz Roiter |
AlAhli Takaful |
|
1,000 |
February 4, 2015 |
Board member |
Marcos Fisher |
|
|
-- |
March 5, 2015 |
CEO |
Adel Abdulaziz Al Essa |
Solidarity |
|
1,000 |
April 15, 2015 |
Board member |
Saleh Alfadhel |
Wataniya Insurance Company |
|
1,000.000 |
November 27, 2014 |
Board member |
Aiman Maamoun Tamer |
Gulf General Cooperative Insurance |
|
-- |
May 19, 2014 |
CEO |
Mohammad Khalil Al-Sabi |
Al Sagr Insurance |
|
-- |
November 30, 2014 |
CEO |
Sulaiman Mhmood Hilal |
Saudi Enaya Insurance |
|
1,000 |
January 11, 2015 |
Board member |
Suliman Al-Qimlas |
Weqaya Takaful |
|
1,000 |
November 9, 2014 |
Board member |
Sultan Omar Al Sadhan |
|
|
1,010 |
October 30, 2014 |
Board member |
Abdullah Mohammad Al-Fouzan |
|
|
1,000 |
June 10, 2014 |
Board member |
Khalil Ibrahim Al-Shami |
|
|
-- |
May 26, 2014 |
CEO |
Ali Saleh Al Ghamdi |
|
|
-- |
January 31, 2015 |
CEO |
Ajmal Bahati |
Alinma Tokio Marine |
|
1,000 |
June 9, 2014 |
Board member |
Abdul Rafique Haroon Jeddavi |
|
|
-- |
September 30, 2014 |
CEO |
Ali Abdul Razak Al Shaeer |
Takween |
|
1,250 |
February 17, 2015 |
Board member |
Yaseen Abdulrahman Al-Jafri |
Al-Sorayai Group |
|
13.000 |
September 10, 2014 |
Board member |
Ahmad Tawfik Mousa |
Shaker Group |
|
-- |
May 6, 2015 |
CEO |
Abdullah Al Enazi |
Saudi Paper Manufacturing Company |
|
-- |
December 31, 2014 |
Chairman |
Saleh Al-Nazha |
Maddaniyah |
|
160.000 |
June 16, 2014 |
Board member |
Hussain Ahmad Mohammad |
Aslaak |
|
131.550 |
April 14, 2014 |
Board member |
Mohammad Al-Omaira |
Al Mojil Group |
|
1,000 |
July 1, 2014 |
Board member |
Fahad Al-Habardi |
National Gypsum Company |
|
-- |
July 31, 2014 |
General Manager |
Mohammad Bukhari |
SIDC |
|
-- |
February 27, 2014 |
CEO |
Saud Al-Fayez |
Arabian Pipes |
|
-- |
May 27, 2014 |
CEO |
Ahmad Al-Dakheel |
Al-Babtain |
|
-- |
March 30, 2014 |
CEO |
Don Brown Sumner |
Red Sea |
|
-- |
January 21, 2014 |
Board member |
Waheed Shaikh |
|
|
-- |
May 15, 2014 |
General Manager |
Abdel Fattah Feda |
Makkah Construction |
|
1,000 |
May 3, 2015 |
Board member |
Abdulkarim Al-Shamikh |
Saudi Industrial Export Company |
|
-- |
April 1, 2015 |
CEO |
Ibrahim Mohammad Al-Balushi |
Knowledge Economic City |
|
7,507.815 |
July 15, 2014 |
Board member |
Abdulaziz Al-Modaimegh |
Al Bahri |
|
15.000 |
April 6, 2014 |
Chairman |
Turki bin Salman bin Abdulaziz |
Saudi Research and Marketing Group |
|
7.000 |
August 5, 2014 |
Board member |
Saleh Nasser Al Jasser |
|
|
1,000 |
April 12, 2015 |
CEO |
Fahad Rashed Al Otaibi |
Nama Chemicals |
|
1,250 |
December 28, 2014 |
Board member |
Ammar Al-Khudairi |
Al-Tayyar |
The study found that 40 top executives had left their jobs to hold ministerial positions. This was the case with Saudi Research and Marketing Group’s (SRMG) former chief executive and board member Azzam Al-Dakhil, who was appointed minister of education in a cabinet reshuffle shortly after Salman Bin Abdulaziz became king in January.
The shakeup also saw the appointment of Almarai Co.’s former chief executive Abdul Rahman Abdul Mohsen al-Fadhli to the role of agriculture minister.
Last December, Sulaiman Bin Saad Al-Humaid, who served on the board of directors at the Saudi Arabian Company for Cooperative Insurance (Tawuniya), was named minister of social affairs.
Moreover, Ahmed Al-Khatib, who served as a board member in several companies, was also named health minister during the month, only to be relieved from his post four months later.
|
Resignations (2014-2015) |
|||
|
Resignation date |
Position |
Name |
Company |
|
January 1, 2014 |
Board member |
Mahammad Al Haqbani |
Aljazira Bankz |
|
April 9, 2014 |
Board member |
Abdulaziz Al-Habdan |
Saudi Fransi Bank |
|
April 16, 2014 |
Board member |
Marc Abenhaim |
|
|
August 31, 2014 |
Board member |
Zarir Cama |
SABB |
|
April 1, 2014 |
Board member |
Mohammad Al Samhan |
|
|
February 15, 2015 |
CEO |
Mohammad Al Mady |
Sabic |
|
January 11, 2015 |
Executive Vice President |
Mutlaq Al-Morished |
|
|
March 31, 2015 |
Board member |
Fawaz M. Al-Fawaz |
Yansab |
|
August 20, 2014 |
Board member |
Hiromasa Yonekura |
Petro Rabigh |
|
December 31, 2014 |
Board member |
Mohammad Aba Al Ola |
Jajran Cement |
|
February 2, 2015 |
Board member |
Azzam Mohammad al-Dakhil |
SASCO |
|
January 29, 2015 |
CEO |
Abdulrahman Al-Fadhli |
Almarai |
|
May 211, 2014 |
Board member |
Hind Ali Mahdi |
Ash-sharqiyah Development |
|
February 23, 2015 |
Chairman |
Abdulaziz AlSugair |
Mobily |
|
March 22, 2015 |
Board member |
Georges Schorderet |
Zain |
|
June 5, 2014 |
Board member |
Abdullah Ba Sudan |
|
|
March 10, 2014 |
Chairman |
Fahad Al-Dughaither |
|
|
January 22, 2014 |
Board member |
Christos Nicolas |
Anb Insurance |
|
December 29, 2014 |
Board member |
Suliman Al Humaid |
Tawuniya |
|
April 1, 2014 |
CEO |
Ali Al-Subaihin |
|
|
December 15, 2015 |
Board member |
Zain Alddin Ashaq |
SABB Takaful |
|
September 17, 2014 |
Board member |
Mohammad Saad bin Dawood |
|
|
July 13, 2014 |
Board member |
Rampehdran Phillay |
Wafa Insurance |
|
July 1, 2014 |
Board member |
Thamuhedran Ramsammy |
|
|
June 1, 2014 |
Board member |
Soshahuban Sarkar |
|
|
December 11, 2014 |
Board member |
Andrew Burke |
Al Alamiya Insurance |
|
January 21, 2015 |
Board member |
Walid Ayoub |
Al Sagr Insurance |
|
February 2, 2015 |
Board member |
Azzam Al-Dakhil |
Aseer Trading |
|
April 1, 2014 |
General Manager |
Saeed Al-Ghamdi |
Al-Baha Investment |
|
July 15, 2014 |
Board member |
Khalid Al-Bawardi |
Basic Chemicals |
|
December 9, 2014 |
Board member |
Sulaiman Al-Humaid |
Madeen |
|
October 1, 2014 |
Chairman |
Abdulaziz Al-Sorayai |
Al-Sorayai Group |
|
October 1, 2014 |
Managing director |
Saleh Al-Sorayai |
|
|
December 31, 2014 |
CEO |
Saleh Al-Obaid |
Maddaniyah |
|
June 26, 2014 |
Chairman |
Abdullah bin Musa’ed |
Saudi Paper |
|
July 1, 2014 |
CEO |
Abdulkarim Alnafie |
Saudi Ceramic |
|
February 2, 2015 |
Board member |
Azzam Al-Dakhil |
Saudi real Estate Company |
|
July 31, 2014 |
CEO |
Saleh Nasser Al-Jasser |
Al-Bahri |
|
February 15, 2015 |
Board member |
Azzam Al-Dakhil |
Saudi Research and Marketing company |
|
February 10, 2015 |
Board member |
Ahmad Alkhateeb |
|
|
February 2, 2015 |
Board member |
Azzam Al-Dakhil |
Saudi Printing and Packaging Company |
|
February 3, 2015 |
Board member |
Ahmad Alkhateeb |
Al-Hokair Group |
|
Janauary 1, 2015 |
Board member |
Misfer Ali Al Hamdan |
Dur Hospitality Company |
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