Malath appoints Mohammed Alammari as Chairman of BOD and Fawaz Alhijji as Managing Director and Chief Executive Officer

Malath Cooperative Insurance Company announced on Sunday the decision of its Board of Directors on its meeting held on Thursday, 26-04-2022, which includes the appointment of the Chairman, Vice-chairman, Managing Director, and the formation of committees, after obtaining SAMA Non-objection on 17-11-2022 as follows:
Appoint Mr.Mohammed Ali Alammari (non-Executive)–as Chairman of the Board of Directors.
Appoint Mr. Bader Ali Alali (non-Executive)–as Vice-Chairman of the Board of Directors.
Appoint Mr. Fawaz Abdulrahman Alhijji (Executive)-as a Managing Director and CEO for a new term starting on 21-04-2022 and ending on 05-04-2025.
The formation the Nominations and Remunerations Committee is as follows:
-Mr. Muhammad Abdullah Al-Jumaa (Independent)
-Mr. Yasser Rashid Al-Rasheed (Independent)
-Mr. Bader Ali Al-Ali (non-Executive)
The formation of the Executive Committee is as follows:
-Mr. Mohammed Ali Al-Ammari (non-Executive)
-Mr. Fawaz Abdul Rahman Al-Hijji (Executive)
-Mr. Bader Ali Al-Ali (non-Executive)
-Mr. Amr Abdullah bin Shalhoob (Independent)
The formation of the Investment Committee is as follows:
-Mr. Yasser Rashid Al-Rasheed (Independent)
-Mr. Fawaz Abdul Rahman Al-Hajji (Executive)
-Mr. Amr Abdullah bin Shalhoub (Independent)
The formation of the Risk Committee is as follows:
-Mr. Abdul Hamid Abdulaziz Al-Ohali (Independent (
– Mr. Amr Abdullah bin Shalhoub (Independent (
– Mr. Amro Abdel-Razzaq Al-Nimri (Independent)
During the Ordinary General Assembly Meeting held on 21-04-2022, the formation of the Audit Committee, the definition of its duties, work regulations, and remuneration of its members for the new term of three years, started on 21-04-2022 and ending on05-04-2025, have been approved. The Audit Committee members are as follows:
– Mr. Amro Abdel-Razzaq Al-Nimri (Independent (
-Mr. Saleh Abdul Rahman Al-Ismael (Independent (
-Mr. Saad Saud Al-Tayyar (Independent (
Mr. Tariq Muhammad Al-Shuqairan (Independent)