Malath gets Insurance Authority approval to form board committees

Logo of Malath Cooperative Insurance Co. 

Malath Cooperative Insurance Co. received on Sept. 30 a no-objection from the Insurance Authority, to form the board committees, according to a statement to Tadawul.

The executive committee included Bader Al Ali, Fawaz Al Hajji and Amr bin Shalhoub.

The risk committee comprised Amr Al Nemari, Amr bin Shalhoub, and Muhannad Al Qassim.

Further, the investment committee included Yasser Al Rasheed, Fawaz Al Hajji and Qusai Abdullah Al Saif.

Additionally, members forming the nomination and remuneration committee are Mamdouh Al Sharhan, Bader Al Ali and Hamad Fahd Al Malik.

According to data available on Argaam, the insurer’s shareholders approved, during its meeting held in June, the election of board members for the upcoming three-year term starting from June 17, 2025, until June 16, 2028.