| Element List | Explanation |
|---|---|
| Introduction | Malath Cooperative Insurance Company announces that its Board of Directors, in a resolution passed on September-7-2025, has approved the appointment of Mr. MAMDOUH SAUD ALSHARHAN as a member of the Board of Directors to assume the vacant seat and complete the current Board’s term, which ends on June-16-2028.The company has also obtained the non-objection from the Insurance Authority regarding this appointment on 08/04/1447 corresponding to 30/09/2025. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Mr. MAMDOUH SAUD ALSHARHAN |
| Membership Type | Independent |
| Membership Start Date | 2025-09-30 Corresponding to 1447-04-08 |
| Brief Resume of the Appointed Member | Mr. MAMDOUH AL-SHARHAN has extensive experience in both the public and private sectors, and he holds a several leadership positions in industrial and real estate companies. He has also assumed executive roles and chaired boards and committees in prominent companies and funds, such as Malath Cooperative Insurance Company and the Real estate Development Fund. Academically, Mr. Mamdouh holds a Master’s degree in Financial Sciences from George Washington University, as well as a Master’s degree in Banking Management and a Bachelor’s degree in Accounting. |
| The date of the approval by other official authorities | 08/04/1447 corresponding to 30/09/2025 |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2025-09-07 Corresponding to 1447-03-15 |
| Board Approval | The board’s approval shall not be deemed final; this appointment of the board member to assume the vacancy will be presented to the first General Assembly for ratification. |
