Mediterranean and Gulf Insurance and Reinsurance Co.’s (Medgulf) board of directors on April 30 appointed Abdulrahman Mohammed Al-Zuwaidi as vice CEO effective May 1, the company said in a statement to Tadawul on Monday.

 

Al-Zuwaidi will serve as acting CEO for six months from the date, the statement said.

 

Al-Zuwaidi has 29 years of experience in finance and management. His last position was general manager of corporate governance and the Saudi Investment Bank (SAIB).

 

Medgulf’s former CEO Mohammed Al-Shaya resigned in March due to personal reasons. 

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