Malath Insurance board members resign
Mlidat Takaful Insurance Company announced the resignation of two independent members from its Board of Directors, Yasser Rashid Al-Rashid and Muhannad Abdulaziz Al-Qassem, due to differences in visions and approaches regarding strategic decisions and the company's future direction. The resignations were submitted on August 2, 2026, and took immediate effect, approximately one year and one month after their appointment to the board in June 2025. This step comes as part of a restructuring of the board to ensure the continuity of operations and governance, with the members citing fundamental disagreements over administrative policies and strategic plans.
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