ALAHLI TAKAFUL COMPANY ANNOUNCES THE APPOINTMENT OF BOARD MEMBERS
Al Ahli Takaful Company announces that with reference to the Board of Directors' resolution issued by circulation on Thursday 22 Ramadan 1439H corresponding to 7 June 2018, it has received SAMA no objection letter No 9434/41 on Tuesday 4 Thul-Qidah 1439H corresponding to 17 July 2018, for the appointments of Mr. Hamed Mohamed Fayez and Mr. Khalid Mohammed Bashnini, as non-executive board members (representing the National Commercial Bank) as of July 17, 2018. The Board of Directors approved their nomination which is not final and will be presented to the next General Assembly Meeting for the approval of the public shareholders according to the regulatory requirements.
The new Board of Directors have over 15 years of senior management experience in bank and financial institutions. Mr. Hamed Mohamed Fayez is currently the Head of Retail Banking Group, he holds a double major in Mathematical Sciences and Economics and a minor in Business and Entrepreneurship from the Johns Hopkins University, Baltimore, USA in 2000.
Mr. Khalid Mohammed Bashnini is currently the Head of Small and Medium Enterprises. He holds a Master degree in Islamic Banking at Arabic Academy for Banking & Financial Studies, Amman, Jordan in 1996 and also holds a Bachelor's degree in Accounting from King Abdul Aziz University, Saudi Arabia in 1989
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