Announcement from Al Sagr Cooperative Insurance Company Regarding the Resignation of the Chairman of the Board
| Element List | Explanation |
|---|---|
| Introduction | Al Sagr Cooperative Insurance Company announces that the Chairman of the Board, Mr. Saud bin Abdulaziz Al-Arifi, has submitted his resignation from his position as Chairman of the Board of Directors and Chairman of the Executive Committee, while retaining his membership in both the Board of Directors and the Executive Committee for the current term, due to personal reasons.
The resignation will be effective as of July 1, 2025, or upon obtaining the necessary approvals from the relevant regulatory authorities for the company’s nominated candidate to assume the role of Chairman of the Board and Chairman of the Executive Committee, whichever comes first.
Mr. Saud Al-Arifi expressed his gratitude and appreciation to the Board members and extended his sincere wishes for their continued success. The company will announce any material developments in this regard as they arise |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Saud bin Abdulaziz Al-Arifi |
| Membership Type | Independent |
| Resignation Submission Date | 2025-05-07 Corresponding to 1446-11-09 |
| Resignation Effective Date | 2025-07-01 Corresponding to 1447-01-06 |
| Membership Starting Date for the Resigned Member | 2023-11-23 Corresponding to 1445-05-09 |
| Reasons of Resignation | Personal reasons |
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