Al Sagr extends Shafiq Al Rumaih's term as acting CEO

15/08/2018 Argaam

 

Al Sagr Cooperative Insurance Co.’s board of directors has approved extending the appointment of Shafiq Al Rumaih as acting chief executive for a period of six months, the insurer said in a bourse statement.

 

The approval followed the receipt of a no-objection letter from the Saudi Arabian Monetary Authority on August 14.

 

In March, the insurer named Al Rumaih as acting CEO for the company.

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