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The Company for Cooperative Insurance Announces Appointment of a CEO

8010
TAWUNIYA
4.50 %
1445/02/21     06/09/2023 15:32:51

Element ListExplanation
Introduction The Company for Cooperative Insurance announces the issuance of the Board of Directors' resolution on 18-02-1445 H corresponding to 03-09-2023 to appoint Mr. Othman Yousef Alkassabi as CEO of the Company.

The Board of Directors wish success to Mr. Othman Alkassabi in his new duties as CEO of the company.

Element ListExplanation
Appointment Type Appointment
Name of the CEO Othman Yousef Alkassabi
Date of Board Resolution 2023-09-03 Corresponding to 1445-02-18
Date Work Commencement 2023-09-06 Corresponding to 1445-02-21
Brief Resume Mr. Othman Alkassabi has more than 17 years of experience in healthcare, He has held a number of key positions prior to his appointment. He was the Executive Director of Supervision and Enablement, and Acting Executive Director for Communication and spokesperson at the Council of Health Insurance (CHI). Also, he was the Chief Operating Officer, Medical Advisor, Project Manager, Performance Improvement Consultant, and Rehabilitation Development Consultant at leading healthcare organizations across the Kingdom, including King Faisal Specialist Hospital and Research Center, Sultan bin Abdulaziz Humanitarian Services City (SBAHC).

Since he joining Tawuniya, Mr. Othman has worked as CEO of Health and Life sector -The largest sector in the company - before assigned him as acting CEO as of 03/04/2023. He has an Executive Masters’ degree in International Management and Leadership from Al Yamamah University, and Master degree in Business Administration from Hochschule Furtwangen University, and a Bachelors’ in Rehabilitation Sciences- Physical Therapy from King Saud University.

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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Last Price 148.6
Net Change 6.4 (+4.5%)
Value Traded (Sar) 51,097,374.8
Volume Traded 347,257
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