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The Mediterranean and Gulf Insurance and Reinsurance Co. Announces Appointment of a CEO

8030
MEDGULF
4.43 %
1445/01/20     07/08/2023 09:02:22

Element ListExplanation
Introduction The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF Insurance) ("Company") announces the issuance of the Board of Directors' resolution on 19/01/1445 H corresponding to 06/08/2023 to assign Mr. Umar Al-Mahmoud as CEO after receiving Saudi Central Bank non-objection to the appointment .

The Board of Directors wish success to Mr. Umar Al Mahmoud in his new duties as CEO of the company .
Element ListExplanation
Appointment Type Appointment
Name of the CEO Mr. Umar Abdulrahman Al-Mahmoud
Date of Board Resolution 2023-08-06 Corresponding to 1445-01-19
Date Work Commencement 2023-08-06 Corresponding to 1445-01-19
Brief Resume Mr. Umar Al-Mahmoud has Bachelor Degree in Management Information Systems from King Fahd University of Petroleum and Minerals also he has long experience in insurance industry that extends to more than 20 years, and that he held several leadership positions in MEDGULF, the latest of which was the Acting Chief Executive Officer.

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 16.5
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