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Buruj Cooperative Insurance Co. Announces an update in Appointment of an Acting CEO
| Element List | Explanation |
|---|---|
| Introduction | Refereeing to the announcement of Buruj Cooperative Insurance Company dated 20/05/1445H corresponding to 04/12/2023G, regarding the decision of its Board of Directors to assign Mr. Bader bin Saad Algonaim with the duties of the CEO of the company in addition to his current responsibilities. Therefore, Buruj Cooperative Insurance Company hereby announces that it has obtained the non-objection of the Insurance Authority to the Board of Directors' decision regarding the extension of the assignment of Mr. Bader bin Saad Algonaim to perform the duties of the CEO of Buruj Cooperative Insurance Company. The extension period will be for three months starting from the end date of the current assignment period. |
| Previous Announcement | Buruj Cooperative Insurance Co. Announces Appointment of an Acting CEO |
| Date of Previous Announcement on Saudi Exchange’s Website | 2023-12-04 Corresponding to 1445-05-20 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Extending the acting period. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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