Gulf Union Al Ahlia reappoints Abdulaziz Ali Al Turki as BOD Chairman, Zaid Al Yaeesh as Vice Chairman

Gulf Union Al Ahlia Cooperative Insurance Co. announced on Sunday the Board of Directors Resolution dated 19/01/2023 that includes the approval of the appointment of the Chairman of the Board of Directors, Vice Chairman of the Board of Directors, Board Secretary and the Formation of the Board of Directors committees for the new term started from 17/12/2022 and for a term of three Gregorian years ending on 16/12/2025, After obtaining Saudi Central Bank “SAMA” no-objection dated on 19/01/2023 G, as follow: –
In addition, Board of Directors approved the formation of the Board of directors’ Committees as follow: –
First: Executive Committee
1- Sheikh. Abdulaziz Ali Al Turki – Non-Executive – Committee Chairman
2- Mr. Zaid Abdullah Al Yaeesh – Independent – Committee Member
3- Mr. Munir Hashim Al Borno – Executive – Committee Member
Second: Risk Management Committee
1- Mr. Abdullah Abdulrahman Abdulwahab – Independent – Committee Chairman
2- Mr. Mohammed Abdulrahman Al Katheer – Independent – Committee Member
3- Mr. Majed Shatti Al Dhefiri – Non Executive – Committee Member
Third: Nomination & Remuneration Committee
1- Mr. Ahmed Sulaiman Al Muzaini – Independent – Committee Chairman
2- Mr. Abdullah Abdulrahman Abdulwahab – Independent – Committee Member
3- Mr. Majed Shatti Al Dhefiri – Non Executive – Committee Member
Forth: Investment Committee
1- Mr. Abdulaziz Abdullah Al Naim– Independent from outside the Board – Committee Chairman
2- Mr. Munir Hashim Al Borno – Executive – Committee Member
3- Mr. Mesheal Ibrahim Al Shayea – Executive from outside the Board – Committee Member
4- Mr. Ayham Mohammed Al Yousif – Independent from outside the Board – Committee Member
The company noted that during the Ordinary General Assembly meeting of Gulf Union Al Ahlia Cooperative Insurance Co., which was held on 30/11/2022, there was approval on the Formation of the Audit Committee for the new term, starting from 17/12/2022 G and for a term of three Gregorian years ending on 16/12/2025 G, and approval on the definition of its duties, work regulations and remuneration of its members. The following are the names of the Audit Committee Members
1- Mr. Ahmed Sulaiman Al Muzaini – Independent Board Member – Committee Chairman
2- Mr. Ibrahim Abdulaziz Al Mukhem – Independent from outside the Board – Committee Member
3- Mr. Abdullah Ali Al Hajri – Independent from outside the Board – Committee Member