SABB Takaful gets SAMA nod to appoint new chairman

05/08/2018 Argaam

 

SABB Takaful Co, on Thursday received a no-objection letter from the Saudi Arabian Monetary Authority (SAMA) on the appointment of Mohammed Al Shaya as board chairman, the insurer said in a bourse statement.

 

The board’s decision, which was made on June 4, 2018, will be effective until the end of the current term on May 14, 2019.

 

Al Shaya was appointed after the company’s former board chairman, Mohammed Al Yahya, submitted his resignation on effective from July 31, 2018.

 

In a separate statement, the company said that its general assembly meeting approved appointing Salman Akbar as member of the audit committee and Bandar Al Muhanna as board member.  

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.