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SABB Takaful dismisses CEO

SABB Takaful Co.'s board of directors has decided to dismiss CEO Steven Cosgrove, effective Dec. 14, Argaam reported.

The board appointed Hussam Malaekah acting CEO, effective the same day. Malaekah serves as the company's head of digital strategy and acting customer care manager.

The changes are subject to regulatory approvals, the report noted.