The board of directors of Arabia Falcon Insurance SAOG announced that Mr. A R Srinivasan, Chief Executive Officer of the Company tendered his resignation to the Board on the 8th of July 2018 for personal reasons. The Board accepted the resignation on the 9th of July 2018 and commenced the process for appointing a replacement before the end of Mr. Srinivasan’s notice period, and shall update the market as and when the new Chief Executive Officer is appointed. Srinivasan shall serve his notice period, which ends by 7th October 2018, and shall continue in his position till the new Chief Executive Officer is appointed.