Arabia Insurance Chairman steps down

Logo of Arabia Insurance Cooperative Co. (AICC) 

The board of Arabia Insurance Cooperative Co. (AICC) accepted on Oct. 31 the resignation of Abdulaziz Al Qahtani from his position as Chairman and board member.

 

The resignation, which was tendered due to Al Qahtani’s duties and work engagements with several companies inside and outside the Kingdom, came into effect immediately, AICC said in a statement to Tadawul.

 

Any updates on the new candidate will be duly announced. A new board member will be also appointed in place of Al-Qahtani once the Saudi Central Bank’s (SAMA) approval is obtained, AICC added.

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