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Dec 26 2011

Saudi United Cooperative Insurance Company (Walaa) announces the appointment of Acting Chief Executive Officer

Reference to the companys announcement dated 22/01/2011 of appointing Mr. Abdullah Mohammed Al Othman, Chairman of the Executive Committee and Member of the Board of Directors as Acting CEO until the recruitment of a CEO, Saudi United Cooperative Insurance Company ( Walaa ) announces the receipt of SAMA approval dated 26/12/2011 on the appointment of Mr. Johnson Varughese as Acting Chief Executive Officer, and he will start his duties effective 26/12/2011. Mr. Varughese has been working as the companys CFO since Oct.20, 2007. He is a Fellow Chartered Accountant and has over 20 years of experience in finance, investment & administration.

© Tadawul 2011

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