SABB Takaful receives SAMA nod on reappointing Al Shaya as board chairman

17/07/2019 Argaam

SABB Takaful Co. has received a no objection from the Saudi Arabian Monetary Authority (SAMA) on reappointing Mohammed bin Abdul Aziz Al Shaya as board chairman effective from July 16, 2019, the company said in a bourse statement.

 

The insurer has also obtained SAMA’s no objection on appointing Sami Bin Jadaan Al Muhaid as deputy chairman effective from the same date.

 

Al Shaya has over 25 years of experience in the insurance and financial sectors while Al-Muhaid has over 18 years of experience in the financial and banking sectors, working in the corporate banking sectors, combating financial crimes and the regulatory compliance, the statement added.

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