| Element List | Explanation |
|---|---|
| Announcement Detail | Introduction:
Saudi Reinsurance Company ”Saudi Re” announces that it has obtained the No Objection from the Saudi Central Bank on 22/06/2023 corresponding to 04/12/1444H on appointing the Chairman and members of the Audit Committee as follows:
1- Abdullah Ali Al Farraj (Chairman of the Committee Independent - Outside the board) 2- Tariq Hamza Zaino (Member – Independent Outside the board) 3- Yanal Mwaffaq Soudi (Member – Independent Outside the board) 4- Kubra Ghulam Radhi ( Member – Independent )
This is based on the Board of Directors resolution on 14/05/2023 until the end of the current term of the Board of Directors on 10/05/2026.
Appointed Member Name: Abdullah Ali Al Farraj Membership Start Date: 22/06/2023 corresponding to 04/12/1444H Brief Resume of the Appointed Member: • 25+ years of experience in the fields of finance, audit, risk management and Insurance. • Certified Public Accountant (CPA), Certified Public Accountant (SOCPA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA) • Served in various internal audit and financial management roles in NCB, Malath, Saudi Ground Services and Tawuniya, previously worked as CFO of “Saudi Re” 2011 to 2013 • Currently, EVP in Saudi Public Transportation Company (SAPTCO)
Appointed Member Name: Tariq Hamza Zaino Membership Start Date: 22/06/2023 corresponding to 04/12/1444H Brief Resume of the Appointed Member: • 19+ years of experience in Accounting, Tax and Zakat field. • Certified Public Accountant (SOCPA) • Served in various roles in Ernest & Young, CMA and Zakat, Tax and Customs Authority.
Appointed Member Name: Yanal Mwaffaq Soudi Membership Start Date: 22/06/2023 corresponding to 04/12/1444H Brief Resume of the Appointed Member: • 30+ years of experience in audit services, risk management and corporate governance – mainly, in Saudi Arabia • Served as Senior Partner in the Assurance practice of Ernst & Young. • Member of the Board of Directors, Chairman and member of the Audit Committee of several companies.
Appointed Member Name: Kubra Ghulam Radhi Membership Start Date: 22/06/2023 corresponding to 04/12/1444H Brief Resume of the Appointed Member: • 30+ years of experience in the banking, financial institutions and risk management. • Certified Public Accountant (CPA) and Basel II Certified Professional. • Board Member at Tasheel Finance Co. (KSA) and Chairperson of the Credit and Risk Management committee. • Board Member at Procco Financial Services Co. (Bahrain), and Chairperson of the Audit Committee.
Date of Board Meeting in which Appointed New Member(s) were Appointed: 14/05/2023 Corresponding to 24/10/1444 H |