New CEO of Republic Insurance

Recently Mr. Sahid-ul-Hasan joined as CEO of Republic Insurance Company Limited (RICL). Before his joining he was engaged in this Company as Additional Managing Director. He started his career in 1997 by joining as Deputy Manager in Northern General Insurance Co. Ltd. He joined with RICL in 2006 as Executive Vice President. He had been promoted as Deputy Managing Director in 2008 and as Additional Managing Director in 2014. The Board of Directors of the Company appointed him as CEO of the Company for 3 years from March 11 and accordingly his appointment has been approved by Insurance Development & Regulatory Authority (IDRA) recently.

— Statement