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Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) board of directors approved, on Jan. 3, 2021, the resignation of chief executive officer (CEO), Abdulaziz Al Sedeas, submitted on Dec. 23, 2020.
The resignation, effective from Dec. 31, 2020, was submitted due to personal circumstances, the company said in a bourse filing.
Meanwhile, the board of directors assigned Mahmoud Salem Dahduli the duties of the CEO, effective Jan. 3, 2021, until the procedures for appointing a new CEO are completed.
He is currently the Chief Strategy Officer at Al Rajhi Takaful.
The appointment was carried out after receiving a no-objection from Saudi Central Bank (SAMA), the insurer said in a bourse filing.
Dahduli holds a master's degree in Islamic banking from the University of Wales in the United Kingdom and held several leadership positions during his career extending for a period of more than 18 years.
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