Riyadh – Mubasher: Al Etihad Cooperative Insurance Company has appointed Hashem Osama Al Nabulsi as an independent member of its board of directors, according to a bourse filing.
The decision, initially made by the board on 23 June 2026, fills a vacant seat for the remainder of the current board term, which is scheduled to conclude on 16 February 2029.
The company received the necessary non-objection from the Insurance Authority regarding the appointment on 7 July 2026.
Al Nabulsi holds a Bachelor’s degree in Industrial Engineering and a Master’s degree in Finance. He brings over 20 years of professional experience across the fields of investment, real estate development, finance, and governance.
While the appointment is effective as of 7 July 2026, the company noted that the board's decision remains subject to formal approval by shareholders. The appointment will be presented for ratification at the next General Assembly meeting.
Ahmed Yousef Boushnak resigned from the company’s board of directors, effective 12 June 2026.
