Al Alamiya for Cooperative Insurance Co. announces the Appointment of a Board Member and a member of the Risk Committee.
| Element List | Explanation |
|---|---|
| Introduction | Al Alamiya for Cooperative Insurance Company announces that the Board of Directors approved, by circulation, on 11/07/1440H corresponding to 18/03/2019G to appoint Mr. MOHAMMED ALI AL- SHAKWAN as a Non-Executive Board Member representing Riyad Bank and a member of the Risk Committee starting from 11/07/1440H corresponding 18/03/2019G to replace Mr. Tariq Abdullah Al Ghaziri who resigned on 07/05/1440H corresponding to 13/01/2019G. |
| Element List | Explanation |
|---|---|
| Member Name | MOHAMMED ALI AL- SHAKWAN |
| Membership Type | Non- Executive |
| Assignment Start Date | 2019-03-18 Corresponding to 1440-07-11 |
| CV of the assigned member | Mr. MOHAMMED ALI AL-SHAKWAN has over 20 years of experience in the financial services industry where he worked with SAMBA, SABB, Al Rajhi Bank, Abu Dhabi Islamic Bank and currently at Riyad Bank. |
| Element List | Explanation |
|---|---|
| Date of Board Meeting which Assigned New Member(s) in | 2019-03-18 Corresponding to 1440-07-11 |
| Board Approval | The Board of Directors approved, by circulation, on 11/07/1440H corresponding to 18/03/2019G to appoint Mr. MOHAMMED ALI AL-SHAKWAN as a Non-Executive Board Member representing Riyad Bank and a member of the Risk Committee starting from 11/07/1440H corresponding 18/03/2019G. The appointment is in accordance with SAMA’s no objection letter No. 43687/89 received on 11/07/1440H corresponding to 18/03/2019G. The Board Decision is not considered as final and this appointment will be presented to the next Shareholders General Assembly for approval. |
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