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The Mediterranean and Gulf Insurance and Reinsurance Co. (Medgulf) Announces Resignation Of the Audit Committee Chairman

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Introduction The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (Medgulf) announces the resignation of Audit Committee Chairman (independent external member) Mr. Mohammed Aloyaidi, on Tuesday 05-07-2022 Corresponding to 06-12-1443 due to other work commitment. The resignation applies from the date of its submission, The Board of Directors has accepted the resignation by circulation on Tuesday, 05-07-2022 Corresponding to 06-12-1443,

Therefore Board of Directors extends the sincere gratitude and appreciation to Mr. Mohammed Bin Omar Aloyaidi for his valuable participation, and to the efforts he provided during his membership in the Audit Committee, wishing him continued success.

Element ListExplanation
Name of Resigning Member Mr. Mohammed Bin Omar Aloyaidi
Resignation Submission Date 2022-07-05 Corresponding to 1443-12-06
Resignation Effective Date 2022-07-05 Corresponding to 1443-12-06
Reasons for Resignation Other work commitment
Resigning Member Start Date 2018-04-10 Corresponding to 1439-07-24

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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