Wataniya Insurance Co.’s board of directors approved the appointment of Haitham Albakree as an executive board member – managing director, effective from today, Oct. 7, the company said in a bourse filing.
The company received a no-objection letter from the Saudi Central Bank (SAMA) on Oct. 6 regarding the appointment.
Albakree has served as CEO of Wataniya Insurance since 2013. He holds a Master’s degree in Economics from Johns Hopkins University, USA, and has vast experience in management.
The appointment is subject to the approval of the upcoming general meeting.
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