Saudi Re announces new Chairman, Vice Chairman

The Saudi Central Bank greenlighted the two appointments on 4 June

Staff Writer, Mubasher

June 6, 2023

PHOTO

Riyadh – Saudi Reinsurance Company (Saudi Re) named Abdulltaif Al Fouzan as the new Chairman of the board for the coming three years.

The Tadawul-listed firm also named Turki Al Sudairy as the Vice Chairman, according to a bourse disclosure.

Meanwhile, the two officials assumed their roles for the current board term that commenced on 11 May 2023 and will remain in position until 10 May 2026.

The Saudi Central Bank (SAMA) greenlighted the two appointments on 4 June.

During the 12-month period that ended on 31 December 2022, Saudi Re logged net profits before Zakat valued at SAR 56.74 million, up 6.43% from SAR 53.31 million in 2021.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.