IssuerAnnouncementDetailsV2Portlet
Actions
Arabian Shield Cooperative Insurance Co. Announces Appointment of three of a Board Members
| Element List | Explanation |
|---|---|
| Introduction | Arabian Shield Cooperative Insurance Company announces the issuance of its Board of Directors' resolution by circulation on 07/03 /2024 regarding the appointing 1- Mr. Adel Abalkheel 2- Mr.. Rasheed Alrasheed 3- Mr. Meshal Alrabea Members of the Board of Directors to fill the vacant positions in the Board as of its date and until the end of the current session. provided that this appointment is presented to the Ordinary General Assembly for approval at its first meeting. conditional on the Insurance Authority’s non-objection. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Adel Abalkheel |
| Membership Type | Non- Executive |
| Membership Start Date | 2024-03-10 Corresponding to 1445-08-29 |
| Brief Resume of the Appointed Member | Mr. Adel is a Certified Public Accountant (CPA) professional with 20 years of experience in Banking and Insurance Industries with expertise in Feasibilities Studies, Business Planning, Financial Analysis, Accounting Standards, Financial Reporting, Management Reporting, Budgeting and Supervision. Mr. Adel holds Master of Science in Finance from University of Illinois, Urbana-Champaign, USA in 2006, Master of Science in Accountancy from University of Illinois, Urbana-Champaign, USA in 2005, and bachelor's degree in accountancy from King Saud University, KSA in 2002 |
| The date of the approval by other official authorities | 10/03/2024 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Rasheed Alrasheed |
| Membership Type | Independent |
| Membership Start Date | 2024-03-10 Corresponding to 1445-08-29 |
| Brief Resume of the Appointed Member | Mr. Rasheed is the founder and chairman of ISACA - KSA Chapter, a board member of ISACA, KSA from 1997 to 2000, and a board member of ISACA Asia from 1999 to 2002. Mr. Rasheed holds memberships in the Saudi Organization for Certified Public Accountants (SOCBA), the Saudi Economic Council, and the GCC Family Business Council. Also, he has Higher Diploma in Management Information Technology Systems from King Saud University |
| The date of the approval by other official authorities | 10/03/2024 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. Meshal Alrabea |
| Membership Type | Non- Executive |
| Membership Start Date | 2024-03-10 Corresponding to 1445-08-29 |
| Brief Resume of the Appointed Member | Mr. Meshal has been appointed as a Chief Risk Officer in late 2021. He oversees various risk management areas, including IFRS-9, Credit Risk, Market Risk, Operational Risk, Business Continuity Management, Cybersecurity, and Counter-Fraud. Mr. Meshaal holds a bachelor's degree in computer science and a master's degree in information management from Leeds Metropolitan University. |
| The date of the approval by other official authorities | 10/03/2024 |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2024-03-07 Corresponding to 1445-08-26 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
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.
Share
Company Performance
Key Parameters
Last Price 14.06
Net Change -0.18 (-1.26%)
Value Traded (Sar) 1,944,433.58
Volume Traded 137,606
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions
- ${title}${badge}