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Saudi Reinsurance Co. Announces Resignation of a CEO
| Element List | Explanation |
|---|---|
| Introduction | Saudi Reinsurance Company ”Saudi Re” announces that on 07/06/1445 H corresponding to 20/12/2023 G, its Board of Directors has accepted the resignation of Mr. Fahad Abdulrahman Al-Hesni (Executive Member) from his position as CEO, while maintaining his position as Managing Director, and the resignation comes due to his personal circumstances. The resignation will be effective from 12 June 2024G corresponding to 06 Dhi AlHijja 1445 H. On behalf of the Company and its employees, the Board of Directors would like to express its sincere gratitude and appreciation to Mr. Fahad Al Hesni for his efforts and dedication during his tenure as CEO of the Company. Any further developments related to the appointment of a new or acting CEO of the Company, will be announced in due course. |
| Element List | Explanation |
|---|---|
| Name of the Resigned CEO | Fahad Abdulrahman Al-Hesni |
| Resignation Acceptance Date | 2023-12-21 Corresponding to 1445-06-08 |
| Resignation Effective Date | 2024-06-12 Corresponding to 1445-12-06 |
| Reasons for Resignation | Personal Circumstances |
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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