Riyadh - Mubasher: Canadian Medical Center Company (CMCER) has officially announced the commencement of the nomination process for a newly established seat on its board of directors.
This expansion of the board is intended for the current four-year term, which is scheduled to begin on 28 December 2025 and conclude on 27 December 2029, according to a bourse filing.
The company seeks to fill one additional position to complement its existing leadership structure, with the nomination window opening on 20 May 2026 until the close of business on 18 June 2026.
Interested and qualified candidates are required to submit their formal applications and all necessary supporting documentation via email to Canadian Medical Center’s investor relations department. Any applications received after the deadline or those that are submitted with incomplete information will not be considered for review.
Candidates must adhere to a comprehensive set of criteria established under the Saudi Companies Law and the Corporate Governance Regulations issued by the Capital Market Authority (CMA), in addition to the company’s own internal bylaws and membership policies.
Furthermore, candidates must provide valid identification documents, including national ID cards or family cards for Saudis, and passports for non-Saudi applicants, along with any other relevant documentation required to meet regulatory standards.
To ensure effective governance and prevent potential overcommitment, the company has stipulated that no candidate may hold more than five board memberships in listed joint-stock companies simultaneously.
It added that among other requirements, a comprehensive disclosure is essential regarding any direct or indirect conflicts of interest, including ownership in competing businesses or involvement in contracts and deals where the company is a party.
The Remuneration and Nomination Committee will be responsible for evaluating the pool of applicants. The committee’s selection process will focus on achieving a diversity of academic qualifications and practical experience, with priority given to candidates possessing specialized skills that align with the company's operational needs.
Final voting at the general assembly will be restricted to candidates who have successfully fulfilled all regulatory and internal requirements.
It is worth noting that in December 2025, Canadian Medical Center appointed Chairman and Vice Chairman of the board to serve in positions until 2029.
