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SABB Takaful Co. Announces Resignation and Appointment of a CEO

SABB TAKAFUL 8080 -2.87% 11.50 -0.34
Element List Explanation
Introduction SABB Takaful Co. announces the resignation of Mr. Husam Malaikah as the company’s Acting CEO. The resignation was approved by the Board of Directors on 16/05/2019 to be effective on 19/05/2019 and his appointment as a senior advisor to the Board of Directors. The Company Board of Directors approved the appointment of Mr. Hussam Alkhayal as the company CEO on 11/04/2019, to be effective on 19/05/2019.

The Board of Directors takes this opportunity to thank Mr. Malaikah for the valuable contributions made to restructure the company’s governance, services and products offered to its customers during his assignment as an acting CEO and wish him all the success in future. The Board believes that the joining of Mr. Alkhayal is in alignment with the company’s future strategies and his past successful experiences.

Element List Explanation
Appointment Type Appointment
Name of the Appointing CEO Hussam Alkhayal
Date of Board Appointing CEO 2019-04-11 Corresponding to 1440-08-06
Start Date 2019-05-19 Corresponding to 1440-09-14
CV of the Assigned Person Mr. Alkhayal enjoys more than 12 years of experience in the in the banking and insurance sectors driving and leading growth and expansion. Mr. Alkhayal holds a Bachelor degree in business administration from Illinois State University USA, MBA from Layola University USA, and M.Sc. in International Marketing from Stathclayde University.
Element List Explanation
Name of Resigned CEO Hussam Malaikah
Accepting Resignation Date 2019-05-16 Corresponding to 1440-09-11
Resignation Effective Date 2019-05-19 Corresponding to 1440-09-14
Resignation Reasons Personal reasons

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