Arabia Insurance Cooperative Co. Announces Resignation of a Board Member
| Element List | Explanation |
|---|---|
| Introduction | Arabia Insurance Cooperative Company announces that the Board of Directors has approved via circulation on 25/03/2024G, the resignation of Vice-Chairman of the Board of Directors, Chairman of Executive Committee and member of Nominations and Remunerations Committee, Mr. Munir Butros Muasher from the position as a member of the Board of Directors of the Company, where it will take effect from 25/03/2024G, due to his personal circumstances.
The Board of Directors expressed sincere thanks and appreciation to Mr. Munir Butros Muasher for his outstanding performance and his great and appreciated efforts during his tenure as a member of the Board of Directors and committees of the Company and wished him continued progress and success.
The Company will announce any developments regarding the appointment of an alternate member to the vacant position, following the approval from Insurance Authority. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Munir Butros Muasher |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2024-03-24 Corresponding to 1445-09-14 |
| Resignation Effective Date | 2024-03-25 Corresponding to 1445-09-15 |
| Membership Starting Date for the Resigned Member | 2023-04-06 Corresponding to 1444-09-15 |
| Reasons of Resignation | Personal circumstances |
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