Riyadh – Mubasher: Almujtama Alraida Medical Company recently announced the Board of Directors' resolution, issued to appoint Rakan Mohammed Abdullah Abunayyan as a non-executive member of the Board, according to a bourse filing.
Abunayyan’s membership commenced on 22 September 2026 to fill the vacant seat and complete the current term, which ends on 31 July 2030.
Almujtama Medical noted that Abunayyan serves as the Managing Director of Mohammed Abunayyan Investment Company, bringing extensive experience in investment management, listed equities, private equity, governance, and strategy.
He is a board member of the Middle East Paper Company (MEPCO) and Al Wasail Industrial Company, both listed on the Saudi stock market, and serves on MEPCO’s Strategic and Executive Committees, Al Wasail’s Executive Committee, and the Board of Directors of Article Cables in Uzbekistan.
Additionally, Abunayyan chairs the boards of Afaq Express and Kaizen Foods, and heads the Strategic Committee at Almujtama Medical.
Furthermore, the board member holds a bachelor’s degree in Entrepreneurship from Suffolk University and a "Certified Board Member" certification from the GCC Board Directors Institute, in addition to specialized executive programs from the International Institute for Management Development (IMD).
Almujtama Medical concluded that the Board Approval May not be Deemed Final, as this appointment shall be put before the first General Assembly Meeting for approval.
