25 November 2009 the Saudi Company for Reinsurance (Saudi Re) informed the Saudi Stock Exchange (Tadawwul) that Saud Abdul Aziz AlGosaibi had resigned as a director in view of his existing commitments.
He was one of the members of the founding committee of the company and one of the original members of the board. The company was founded on 17 May 2008
Presumably related to the ongoing debt restructuring.
Saud is a board member of The International Banking Corporation (though since the bank is under Central Bank of Bahrain Administration, the Board no longer has any legal powers to commit TIBC).
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