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Gulf Union Alahlia Cooperative Insurance Co. announced its board of directors’ decision to appoint Mesheal Ibrahim Al Shayea as chief executive officer (CEO), following a no-objection from the Saudi Central Bank (SAMA).
The company said in a bourse filing that Al Shayea will commence his duties from June 15, 2021.
Al Shayea is one of the distinguished national competencies in the Saudi insurance market, and has 20 years of experience in the field. He held many leadership and executive positions in several prestigious insurance companies, and holds a bachelor's degree in Economy from Imam Muhammad bin Saud University. He also holds a number of certificates and professional courses.
According to data compiled by Argaam, the board of directors decided in March 2021 to accept the resignation of Munir Hashem Al Borno as CEO and managing director (MD), due to retirement.
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