#Latest news with #AlSagrArgaam20-02-2025BusinessArgaamAl Sagr Insurance board member resigns over governance concernsLogo of Al Sagr Cooperative Insurance Co. Al Sagr Cooperative Insurance Co. announced the resignation of independent board member Saleh Alderaan. In a statement to Tadawul, Al Sagr said Alderaan resigned due to what he described as weak implementation of effective governance practices and the absence of a clear strategy. The resignation was submitted on Feb. 19, the company added. Alderaan had joined the board on Jan. 19. According to data available on Argaam, the insurance regulator issued a decision yesterday suspending Al Sagr from selling mandatory vehicle insurance due to violations of supervisory and regulatory requirements and the board's failure to implement effective governance measures.
Argaam20-02-2025BusinessArgaamAl Sagr Insurance board member resigns over governance concernsLogo of Al Sagr Cooperative Insurance Co. Al Sagr Cooperative Insurance Co. announced the resignation of independent board member Saleh Alderaan. In a statement to Tadawul, Al Sagr said Alderaan resigned due to what he described as weak implementation of effective governance practices and the absence of a clear strategy. The resignation was submitted on Feb. 19, the company added. Alderaan had joined the board on Jan. 19. According to data available on Argaam, the insurance regulator issued a decision yesterday suspending Al Sagr from selling mandatory vehicle insurance due to violations of supervisory and regulatory requirements and the board's failure to implement effective governance measures.
20-02-2025
