SANAM Group Holding Company Announces Election of New Board of Directors
Bandar Sulaiman Al-Jarallah Appointed Chairman of the Board
SANAM Group Holding Company announced the election of a new Board of Directors for the upcoming term during its Ordinary General Assembly meeting, in a step that reflects the Group's commitment to further strengthening its governance framework and supporting its journey of sustainable growth.
The newly elected Board of Directors comprises Mr. Bandar Sulaiman Al-Jarallah, Dr. Sulaiman Tareq Al-Abduljader, Mr. Bader Jasem Al-Hajri, Mr. Rami Hably, and Mr. Ahmad Abdullah Al-Mezaini as an independent member.
Following the General Assembly, the newly elected Board held its first meeting, during which it resolved to appoint Mr. Bandar Sulaiman Al-Jarallah as Chairman of the Board and Dr. Sulaiman Tareq Al-Abduljader as Vice Chairman.
The Board also extended its sincere thanks and appreciation to Mr. Waleed Hamad Al-Sumait, the former Chairman, and Mr. Saad Naser Al-Munaifi, former Board member, in recognition of their valuable efforts and contributions in supporting the Group's journey and advancing its strategic direction, wishing them continued success.
On this occasion, Mr. Bandar Sulaiman Al-Jarallah expressed his pride in the confidence placed in him by the members of the Board, affirming that the coming phase will focus on continuing to execute the Group's strategy and strengthening its position as a holding group with diversified investments across strategic sectors — by achieving sustainable growth, maximizing shareholder value, and upholding the highest standards of governance and institutional excellence.
For his part, Dr. Sulaiman Tareq Al-Abduljader affirmed that the Group will continue to build on its achievements, with a focus on growing its investment portfolio, enhancing the operational performance of its companies, and evaluating high-quality investment opportunities in strategic sectors — in support of its objectives and to reinforce its standing at both the local and regional levels.
The Group affirmed that the new Board of Directors will continue working to entrench the principles of governance and transparency, enhance institutional efficiency, and support the execution of the sustainable growth strategy — delivering long-term value for shareholders, advancing the interests of all stakeholders, and consolidating the Group's position in the markets in which it operates.
About SANAM Group Holding Company
SANAM Group Holding Company, headquartered in the State of Kuwait, is a public shareholding company established in 1982 and listed on Boursa Kuwait in 2004, with a capital of KD 23,152,500. The Company's investments are concentrated in strategic sectors, including healthcare, education, and industry, in addition to real estate, through holding influential stakes in companies operating in those sectors and working alongside its partners to create added value for shareholders and serve the community.