Al Sagr Cooperative Insurance Company announced the Board of Directors resolution dated 01 November 2022, which was approved by circulation on 03 November 2022, based on the recommendation of the Nomination and Remuneration Committee, to terminate the employment contract with Mr. Sarran Salem AbuSaq from his position as CEO of the company. Dr. Yasser bin Muhammad Al-Harbi, The Managing Director will undertake the executive management of the company. Resignation Effective Date: 03 November 2022.

Reasons for Resignation: Termination of the employment contract according to Board of Directors resolution based on the recommendation of the Nomination and Remuneration Committee.