Al Sagr Cooperative Insurance Co.’s board of directors approved appointing Shafiq Al Rumaih as chief executive officer for the company, effective Jan. 30, 2018.
The approval followed receiving Saudi Arabian Monetary Authority’s non-objection letter received on March 20, the company said in a bourse statement.
Al Rumaih has served as chief financial officer at Al Sagr since 2014 and has over 23 years of experience in the banking and insurance sectors, the statement added.
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