Riyadh – Mubasher: The board of Al-Rajhi Company for Cooperative Insurance (Al-Rajhi Takaful) accepted the resignation of the company’s CEO, Abdulaziz Mohammed Al Sedeas.

The resignation was submitted on 23 December 2020 for personal reasons, provided that it will be effective on 31 December, according to a bourse filing on Monday.

Moreover, the board assigned chief strategy officer, Mahmoud Salem Dahduli, after receiving Saudi Central Bank’s (SAMA) non-objection, to carry out the CEO duties from 3 January 2021, until the procedures for appointing a new CEO are completed.

Dahduli holds a master's degree in Islamic banking from the University of Wales in the UK and held several leadership positions during his career extending for a period of more than 18 years.