National Medical  Care (4005.SE) announced the resignation of its CEO, Dr. Ahmed Saeed Al Amri (due to personal reasons). The BoD appointed Dr. Adnan Al Zahrani as acting CEO, effective March 2017, until a new CEO is hired. Dr. Adnan joined Care in 2013 as a medical head and had been the acting CEO of Care's National hospital since 2016.

On a separate note, the BoD approved no dividend payment for FY16 (vs. SAR0.75/share for FY15), which the BoD attributed to liquidity needs for the renovation and expansion at National hospital that will add 224 beds, in addition to upgrading the medical equipment at its hospitals. 

National Medical Care: SAR51.50 as of 5 Mar. 2017, Rating: Neutral, TP: SAR65.00/share, MCap: USD616mn, CARE AB/4005.SE