Al Alamiya shareholders elect new board for upcoming term

Logo of Al Alamiya for Cooperative Insurance Co.

Shareholders of Al Alamiya for Cooperative Insurance Co. approved to elect a new board of directors for the next three-year term, started Nov. 16, 2021, during the ordinary general meeting (OGM) held yesterday, according to a bourse filing.

The elected board members are Abdulaziz bin Hasan, Saleh Al Shinifi, and Tariq AlNaeem as independent members; Martin Rueegg, Christopher Dooley, Jonathan Cope, and Paul Grigg as non-executive members and representatives of Royal and Sun Alliance Middle East; and Abdulaziz Yousef Bin Yousef and Amal Abdullah Al-luwaymi as non-executive members and representatives of Riyad Bank.

Shareholders also approved the formation of the audit committee for the same term, and determined its tasks and work controls, as well as the remuneration of its members.

The committee members are Saleh Al Shinifi (independent member) as well as Ayman Al-Ghamdi and Ahmed Al Salman (non-board members).

In addition, they discharged the board of directors from the liabilities from Oct. 9, 2021, until the OGM date.