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United Cooperative Assurance names acting CEO for 60 days

United Cooperative Assurance Co. named Faker Rais to act as CEO for 60 days, effective Dec. 26, Reuters reported the same day.

In October, CEO Mishaal Afif resigned for personal reasons, followed by the appointment of Tareq Al Nabulsi as acting CEO in November. The Saudi insurer said at that time that another CEO would be appointed following the election of new board members.