Six Saudi German Hospital Board Members Resign After Regulatory Fines

May 22, 2026

51 min

May 22, 2026 11:31

6 Saudi German Hospital board members quit after regulator fines

## Board Resignations at Saudi German Health

Six members of the board and audit committee at Saudi German Health have resigned following regulatory action by Saudi Arabia's Capital Market Authority (CMA). The resignations were effective immediately after the CMA's final decisions on financial reporting violations.

## Regulatory Convictions

The CMA convicted 11 individuals for manipulating financial statements from 2018 to 2021. The violations involved recognizing SAR 358 million in revenues that were unlikely to be collected, misleading the company's financial position.

## Impact and Next Steps

The resignations include prominent figures such as Sobhi Abduljalil Ibrahim Batterjee and Makarem Sobhi Abduljalil Batterjee. Despite these changes, Saudi German Health stated that there would be no material financial impact on the company. The process to elect new board members is underway, and business operations will continue as usual.

## Financial Penalties

The CMA imposed fines totaling approximately SAR 18 million on the convicted individuals, with some also facing bans from working in CMA-supervised entities for up to a year.

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