Al-Etihad Cooperative Insurance Co. Announces Appointment Audit Committee Member
| Element List | Explanation |
|---|---|
| Introduction | "Al-Etihad Cooperative Insurance Company announces that its Board of Directors has approved the formation of the Audit Committee for the Board term commencing on February 17, 2026, and ending on February 16, 2029, after obtaining the approval of the Insurance Authority. The committee members are:
1. Mr. Hani Saeed Alghamdi - Chairman (Independent Member from outside the Board)
2. Mr. Shadi Shakir Aalshabaan - Member (Independent Member from outside the Board)
3. Mr. Ahmed Yousef Boshnak - (Independent Member)" |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Hani Saeed Alghamdi - Chairman (Independent Member from outside the Board) |
| Membership Start Date | 2026-02-17 Corresponding to 1447-08-29 |
| Brief Resume of the Appointed Member | Mr. Hani Saeed Alghamdi, He holds a Master of Accounting from King Abdulaziz University, K.S.A and Bachelor Degree in Economic & Administration major in Accounting, King Saud University, Kassem K.S.A, in addition to professional certifications, including Certified in Financial Crime (CFC), Certified Compliance Officer (CCO) He has more than 20 years of experience In Strategic and tactical leadership within the aviation ground handling services, manufacturing, financing, trading, real estate, public sector, insurance and banking industry, With senior leadership experience Ase CEO, Chief Audit Executive and Chairman of Audit Committee. |
| The date of the approval by other official authorities | 2026-03-05 Corresponding to 1447-09-16 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Shadi Shakir AlShabaan - Member (Independent Member from outside the Board) |
| Membership Start Date | 2026-02-17 Corresponding to 1447-08-29 |
| Brief Resume of the Appointed Member | Mr. Shadi Shakir Al-Shabaan holds a Bachelor of Accounting from King Saud University, KSA, in addition to professional certifications, including Certified Internal Audit (CIA), Certified Anti-Money Laundering Specialist (CAMS), Certified Compliance Officer (CCO) He has more than 15 years of experience In External and Internal auditing, Accounting, Risk and Governance, With senior leadership experience including positions such as Director of Compliance, Board Secretary and Governance, Risk and Compliance Manager. |
| The date of the approval by other official authorities | 2026-03-05 Corresponding to 1447-09-16 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Ahmed Yousef Boshnak - (Independent Member) |
| Membership Start Date | 2026-02-17 Corresponding to 1447-08-29 |
| Brief Resume of the Appointed Member | Mr. Ahmed Yousif Boshnak holds an MBA in Finance & Entrepreneurship, Wharton School of the University of Pennsylvania, USA and Bachelor of Science in Electrical Engineering, King Abdulaziz University K.S.A, in addition (2030 Leaders Program) Misk Foundation – Esade. He has more than 20 years of experience In Consulting, investments and finance and has served as a board member for several companies across industries including financial services, With senior leadership experience As CEO and Co-founder. |
| The date of the approval by other official authorities | 2026-03-05 Corresponding to 1447-09-16 |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2026-02-17 Corresponding to 1447-08-29 |
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