SAMA approves appointment of Mountasar Fouda as Chairman of BOD of Salama Insurance and Adnan Khoja as his deputy

Salama Cooperative Insurance Company announced on Tuesday that it has received on Monday 24/10/2022 the Saudi Central Bank (SAMA’s) no-objection letter on the appointment of the Board Chairman, The Vice Chairman and the Board Committees for the term that started from 11/09/2022 and ends on 10/09/2025 based on the decision of the board of directors elected during its meeting held on Tuesday 13/09/2022 regarding the formation of the board and its committees as follows:

First: The appointment of Mr. Mountasar Mohammed Foudah – as the Chairman of the Board (Independent)

Second: The appointment of Mr. Adnan Jameel Khoja – as the Vice Chairman of the Board (Non-Executive)

Formation of the Executive Committee:

1-      Mr. Mountasar Mohammed Foudah – as the Chairman (independent)

2-      Mr. Bader Khalid Alanzi – Member (Executive)

3-      Mr. Khaled Mohammed Salem Bajnaid – Member (Non-Executive)

Formation of the nomination and Remuneration Committee:

1-      Mr. Wael Abdulrahman Albassam – Chairman (Independent)

2-      Mr. Abdullah Adel Sultan – Member (Independent)

3-      Mr. Adnan Jameel Khoja – Member (Non-Executive)

Formation of the Investment Committee

1-      Mr. Khaled Mohammed Salem Bajnaid – Chairman (Non-Executive)

2-      Mr. Bader Khalid Alanzi – Member (Executive)

3-      Mr. Abdullah Adel Sultan – Member (Independent)

Formation of the risk Committee

1-      Mr. Adnan Jameel Khoja – Chairman (Non-Executive)

2-      Mr. Wael Abdulrahman Albassam – Member (Independent)

3-      Mr. Mountasar Mohammed Foudah – Member (Independent)