إعلان شركة التأمين العربية التعاونية عن قرار مجلس الادارة بتشكيل لجنة المراجعة

Arabia Insurance Cooperative Company Announces the Board of Directors' Resolution to Form the Audit Committee 8160 AICC 0.00 % 1448/02/05     19/07/2026 08:14:21 Introduction Arabia Insurance Cooperative Company ("The Company") announces that its Board of Directors has passed a resolution by circulation on 16/07/2026 AD, following the receipt of no-objection from the Insurance Authority, approving the formation of the Audit Committee for the board term that began on 20/05/2026 AD, for a period of four Gregorian years ending on 19/05/2030 AD, as follows: 1- Mr. Abdullah Saeed Binsaeed- (Board member- Independent)- Chairman of the Committee. 2- Mr. Saleh Abdullah Alguraisha- (Non-Board member)- Member of the Committee. 3- Mr. Saeed Abubaker Alamoudi (Non-Board member)- Member of the Committee. Appointed Member Name Mr. Abdullah Saeed Binsaeed Membership Start Date 2026-07-16 Corresponding to 1448-02-02 Brief Resume of the Appointed Member He currently serves as Vice Chairman of the Board (Independent member) of Arabia Cooperative Insurance Company, and as the Chief Executive Officer of the Commercial Sector at one of the companies owned by the Public Investment Fund (PIF). He also serves as member of the Investment Committee at Imam Mohammad Ibn Saud Islamic University. During the previous term of the Company's Board of Directors, he chaired the Audit Committee and served as a member of the Nomination and Remuneration Committee. He possesses over 18 years of extensive experience in the fields of investment, finance, and insurance, during which he held several leadership positions across diverse sectors and assumed responsibility for managing investments and financial sustainability in several organizations. He holds a Bachelor's degree in Financial Management from Prince Sultan University, as well as a Certificate in Executive Leadership from Harvard Business School. The date of the approval by other official authorities 15-07-2026 Appointed Member Name Mr. Saleh Abdullah Alguraisha Membership Start Date 2026-07-16 Corresponding to 1448-02-02 Brief Resume of the Appointed Member He currently serves as Chief Executive Officer of Nahaz Investment Company, in addition to holding a number of board and committee memberships in government and private sector companies, including entities regulated by the Saudi Central Bank and companies listed on the Saudi Exchange, encompassing the chairmanship and membership of Audit, Investment, Nomination and Remuneration, and Executive Committees. He possesses over 20 years of professional experience in the fields of banking, investment, asset management, project management, feasibility studies, and corporate restructuring. He holds a Bachelor's degree in Industrial Management from King Fahd University of Petroleum and Minerals. The date of the approval by other official authorities 15-07-2026 Appointed Member Name Mr. Saeed Abubaker Alamoudi Membership Start Date 2026-07-16 Corresponding to 1448-02-02 Brief Resume of the Appointed Member He currently serves as Director of Financial Operations at stc Bank and possesses over 19 years of professional experience in the fields of financial management, accounting, and control, with a significant portion of his experience focused on the banking sector, in addition to his expertise in leading financial operations and institutional transformation. His experience includes financial reporting, the implementation of International Financial Reporting Standards (IFRS), the development of accounting policies and procedures, and the enhancement of internal control systems and corporate governance. Throughout his career, he held several leadership positions in accounting and financial control, most recently serving as Executive Director of Financial Control at one of the companies owned by the Public Investment Fund. He holds a Bachelor's degree in Business Administration, majoring in Finance, from King Saud University, and is a holder of PMP certification from the Project Management Institute (PMI). The date of the approval by other official authorities 15-07-2026 Date of Board Meeting in which Appointed New Member(s) were Appointed 2026-07-16 Corresponding to 1448-02-02 Additional Information Resolution by circulation The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. Share