Allied Cooperative Insurance : Announces Appointment Audit Committee Member

A8150 ACIG-0.1 (-0.24 %)
1443/03/15 Thu Oct 21, 2021 15:31:11

Allied Cooperative Insurance Group Announces Appointment Audit Committee Member

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Element List

Explanation

Introduction

Allied Cooperative Insurance Group (ACIG) announces the approval of its Board of Directors pursuant to Board Resolution No. (17/2021) dated 21/10/2021 G to appoint Mr. Saad bin Muhammad Al-Huwaimel as a member of the Audit Committee, starting from the date of the decision until the end of the current Board session, which ends on 17/05/2022 G, and the company received an email from the Saudi Central Bank on 14/07/2021 G, which included the Saudi Central Bank no objection to this appointment, provided that this appointment is presented to the shareholders for a vote at the first meeting of the General Assembly, whose date will be announced Later

Element List	Explanation
Appointed Member Name	Saad Muhammad Al-Huwaimel
Membership Start Date	2021-10-21 Corresponding to 1443-03-15
Brief Resume of the Appointed Member	Mr. Saad Muhammad Al-Huwaimel is a member of the training body at the Institute of Public Administration in Riyadh. He has more than twenty years of experience in the field of internal auditing, accounting and governance. He is also currently a member of the Board of Directors of the Saudi Association of Internal Auditors.

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2021-10-21 Corresponding to 1443-03-15
Board Approval	Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval

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