Bandar Al-Jarallah appointed Chairman of the Board of Directors of Snam Holding Group
Focus on implementing the strategy in the coming phase
Snam Holding Group announced the election of a new board of directors during the Ordinary General Assembly meeting for the upcoming term, a move reflecting the group’s commitment to further strengthening its governance framework and supporting its sustainable growth trajectory.
In a press statement yesterday, the company said the elected board includes Bandar Sulaiman Al-Jarallah, Dr. Sulaiman Tariq Al-Abd Al-Jader, Badr Jassim Al-Hajeri, Rami Habli, and Ahmed Abdullah Al-Muzaini as an independent member.
Following the General Assembly meeting, the newly elected board held its first session, during which it appointed Bandar Sulaiman Al-Jarallah as Chairman of the Board and Dr. Sulaiman Tariq Al-Abd Al-Jader as Vice Chairman.
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The board also expressed its sincere gratitude and appreciation to former Chairman Walid Hamad Al-Samit and former board member Saad Nasser Al-Munifi, recognizing their valuable efforts and contributions that helped support the group’s progress and enhance its strategic direction, wishing them continued success and prosperity.
On this occasion, Al-Jarallah expressed his pride in the confidence shown by the board members, emphasizing that the coming phase will focus on continuing the implementation of the group’s strategy and strengthening its position as a holding company with diversified investments in strategic sectors, through achieving sustainable growth, maximizing value for shareholders, and upholding the highest standards of governance and corporate excellence.
For his part, Dr. Sulaiman Tariq Al-Abd Al-Jader affirmed that the group will continue to build on its achievements, focusing on developing its investment portfolio, enhancing the operational performance of its companies, and exploring distinctive investment opportunities in strategic sectors, thereby supporting the achievement of its goals and strengthening its position at both the local and regional levels.
The group confirmed that the new board will continue working to consolidate principles of governance and transparency, enhance institutional efficiency, and support the implementation of its sustainable growth strategy, thereby delivering long-term value to shareholders, advancing the interests of all stakeholders, and reinforcing the group’s position in the markets where it operates.
Snam Holding Group, headquartered in the State of Kuwait, is a public joint-stock company established in 1982 and listed on the Kuwait Stock Exchange in 2004. Its capital stands at approximately 23 million dinars. The company’s investments are concentrated in strategic sectors such as healthcare, education, industry, and real estate, through holding significant stakes in companies operating in these sectors, and collaborating with its partners to create added value for shareholders and serve society.
