Riyadh – AlAhli Takaful Company (ATC) has appointed Omar Mohammed Hashem as the company’s Chairman, effective from 8 June 2020.
The move comes after the company received the Saudi Arabian Monetary Authority’s (SAMA) no objection on the Board of Directors' resolution issued on Monday approving the appointment of Hashem, who previously served as a non-executive board member representing the National Commercial Bank (NCB).
The new Chairman will continue the current board cycle, which will end on 31 July 2022.
NCB owns a 29.99% stake in ATC.
Source: Mubasher
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