AnnouncementDetails

Actions

The Mediterranean and Gulf Insurance and Reinsurance Co. (Medgulf) Announces Resignation of a Board Member

Element ListExplanation
Introduction The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) announces the resignation of Mr. Muhammad bin Saad Al-Moqrin (independent Board Member), on Sunday 19/05/1442 AH corresponding to 03/01/2021 AD from his position as a Member of the Board of Directors due to personal reasons. The resignation applies from the date of its submission, The Board of Directors has accepted the resignation today, Sunday, 19/05/1442 AH corresponding to 03/01/2021 AD, noting that the date of the beginning of the membership of Mr. Muhammad bin Saad Al-Moqrin with the beginning of the current session of the Board is on 08/04/2019 AD.

The Company’s Board of Directors extends the sincere gratitude and appreciation to Mr. Muhammad bin Saad Al-Moqrin for his valuable participation, and to the efforts he provided during his membership in the company’s board of directors, wishing him continued success.

Element ListExplanation
Resigned Member Name Mr. Mohammed Saad Almoqrin
Membership Type Independent
Resignation Submission Date 2021-01-03 Corresponding to 1442-05-19
Resignation Acceptance Date 2021-01-03 Corresponding to 1442-05-19
Resignation Effective Date 2021-01-03 Corresponding to 1442-05-19
Membership Starting Date for the Resigned Member 2019-04-08 Corresponding to 1440-08-03
Reasons of Resignation Due to his personal reasons

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
22.08 -0.02 (-0.09%)
Value Traded (SAR) Volume Traded
23,691,537.54 1,064,165