Al Rajhi Takaful CEO resigns

Al Rajhi Co. for Cooperative Insurance's board has accepted the resignation of Abdulaziz Mohammed Al Sedeas as CEO, effective Dec. 31, 2020.

Mahmoud Salem Dahduli will carry out the CEO's duties until the company has completed the procedures for appointing a new CEO, effective Jan. 3. The board received no objection from the Saudi Central Bank for Dahduli's appointment.

Dahduli serves as chief strategy officer at Al Rajhi.