Gulf Union Co-Operative Insurance Company SJSC

04/14/2021 | Press release | Distributed by Public on 04/14/2021 03:12

Gulf Union Al Ahlia Cooperative Insurance Company announces the appointment of a new Chief Executive Officer

ELEMENT LIST

EXPLANATION

Introduction

Gulf Union Al Ahlia Cooperative Insurance Company Announces its Board of Directors resolution on 13/04/2021 corresponding to 01/09/1442, of appointing Mr. Mesheal Ibrahim Al Shayea as a CEO to the company, the resolution issued after the company obtained SAMA's no objection, Mr. Mesheal Al Shayea will start his duties as CEO starting from 15/06/2021.

The Board of Directors Chairman and members wishes Mr. Mesheal Al Shayea all the best in his new assignment as CEO of the company.

ELEMENT LIST

EXPLANATION

Appointment Type

Appointment

Name of the CEO

Mr. Mesheal Ibrahim Al Shayea

Date of Board Resolution

2021-04-13 Corresponding to 1442-09-01

Date Work Commencement

2021-06-15 Corresponding to 1442-11-05

Brief Resume

Mr. Mesheal Ibrahim Al Shayea is one of the distinguished national competencies in the Saudi insurance market, and has 20 years of experience in the insurance field, in which he has held many leadership and executive positions in several prestigious insurance companies, and he holds a bachelor's degree in Economy from Imam Muhammad bin Saud University and also holds a number of certificates and professional courses.

The Capital Market Authority and the Saudi Stock 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.