AlAhli Takaful Company announced the resignation of Mr. Khalid ALGhalib AlSharif from his position as Chairman of ATC Board of Directors (Non-Executive Board Member - Representing the National Commercial Bank). This is due to his decision to retire from the National Commercial Bank after 34 years working in the banking industry, where he enriched the industry with his vast experience and introduced proactive initiatives to AlAhli Takaful Company to keep up with the fast-paced developments of the insurance sector in the Kingdom of Saudi Arabia. The resignation was submitted to the Board of Directors by circulation on March 1, 2020 and was accepted on March 1, 2020. The resignation shall be considered effective from the date of its acceptance by the Board of Directors. That the replacement NCB Board member representative will be announced in due course, after obtaining regulatory approval for the appointment. Accordingly, the strategies and plans of AlAhli Takaful Board of Directors will continue.