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Gulf Union Al Ahlia Cooperative Insurance Co. Announces the Appointment of the Chairman of the Board of Directors, Vice Chairman, Board Secretary and the Formation of the Nomination & Remuneration Committee.
| Element List | Explanation |
|---|---|
| Announcement Detail | With reference to the results of the Ordinary General Assembly Meeting of Gulf Union Al Ahlia Cooperative Insurance Company (First Meeting), held on Wednesday, 10/12/2025G, corresponding to 19/06/1447H, which included the election of the Board of Directors for the new term commenced on 17/12/2025G for a period of four years ending on 16/12/2029G Gulf Union Al Ahlia Cooperative Insurance Company would like to announce the Board of Directors’ resolution dated 04/02/2026G, which includes the approval of the appointment of the Chairman of the Board, Vice Chairman of the Board, Board Secretary, and the Chairman and members of the Nomination & Remuneration Committee for the new term commenced on 17/12/2025G for a period of four years ending on 16/12/2029G, following the receipt of the Insurance Authority’s no-objection on 04/02/2026G, as follows : - First: Appointment of Mr. Abdulaziz Ali Al Turki – Non-Executive Member – as Chairman of the Board. Second: Appointment of Mr. Mohannad Saud Al Fayez – Independent Member – as Vice Chairman of the Board. Third: Appointment of Ms. Haya Fahad Al Saeed - as Secretary of the Board. Fourth: Nomination & Remuneration Committee 1. Mr. Ahmed Mohammed Al Salem – Independent Member – Chairman of the Committee 2. Mr. Munir Hashem Al Borno – Non Executive Member – Committee Member 3. Mr. Zaid Saad Al Kathiri – Independent Member – Committee Member 4. Mr. Karim Mohammed Bacheti – Independent Member – Committee Member The formation of the remaining Board committees will be announced at a later date upon the approval of their formation |
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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