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Arab Insurance updates Board committees and launches Premium Residency
The Cooperative Arab Insurance Company announced the issuance of regulatory decisions including the reorganization of the boards of directors and the audit committee for the period extending until May 2030. This followed the approval of the Insurance Authority to market and sell the "Premium Residency Insurance" product to individuals within the Kingdom. The Board of Directors approved the formation of the new committees, including the Audit Committee chaired by Abdullah bin Saeed. Additionally, the final approval from the Insurance Authority to offer the product was confirmed, enabling the company to begin marketing it in accordance with the approved regulatory frameworks.
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