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The Saudi Reinsurance Company "Saudi Re" announced the formation of a new Audit Committee after obtaining approval from the Insurance Authority. The purpose of this committee is to strengthen governance frameworks and financial oversight within the company. The composition includes highly experienced members, headed by Abdullah Saleh Al Harbi, who has over 18 years of experience in accounting, auditing, and governance. It also features independent experts in risk management and finance. The formation aims to support internal control processes and financial reporting during the committee's term, which will continue until May 2030.
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