Logo of Al Rajhi Takaful
Al Rajhi Company for Cooperative Insurance’s (Al Rajhi Takaful) board of directors approved on Feb. 21, the resignation of CEO, Mahmoud Salem Dahduli, according to a statement to Tadawul.
The resignation, submitted for personal reasons, took effect on Feb. 28.
Moreover, the board of directors appointed Saud Al Ghonaim as CEO, starting March 1, following a no-objection from Saudi Central Bank (SAMA) on Feb. 27.
Al Ghonaim holds a Master's degree in Business Administration from the University of Akron, US. He held several leadership positions during his tenure of more than 23 years, the last of which was the CEO of Emkan Finance.
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