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Allianz Saudi Fransi Cooperative Insurance Co. (the "Company") announces the Board approval of resignations and appointments of four Board Members in its meeting held on Wednesday 8 Shawwal 1445 corresponding to 17 April 2024.
8040
ALLIANZ SF
0.38
%
1445/10/09 18/04/2024 08:48:43
| Element List | Explanation |
|---|---|
| Resigned Member Name | Anuj Agarwal |
| Membership Type | Executive |
| Resignation Submission Date | 2024-04-17 Corresponding to 1445-10-08 |
| Resignation Effective Date | 2024-04-17 Corresponding to 1445-10-08 |
| Membership Starting Date for the Resigned Member | 2022-08-08 Corresponding to 1444-01-10 |
| Reasons of Resignation | Completion of Abu Dhabi National Insurance Company PJSC’s acquisition of Allianz SE’s indirect stake in the Company representing 51% of the share capital of the Company. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Mohamed Amine Benabbou |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2024-04-17 Corresponding to 1445-10-08 |
| Resignation Effective Date | 2024-04-17 Corresponding to 1445-10-08 |
| Membership Starting Date for the Resigned Member | 2022-08-08 Corresponding to 1444-01-10 |
| Reasons of Resignation | Completion of Abu Dhabi National Insurance Company PJSC’s acquisition of Allianz SE’s indirect stake in the Company representing 51% of the share capital of the Company. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Patrick Victor Thiels |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2024-04-17 Corresponding to 1445-10-08 |
| Resignation Effective Date | 2024-04-17 Corresponding to 1445-10-08 |
| Membership Starting Date for the Resigned Member | 2022-08-08 Corresponding to 1444-01-10 |
| Reasons of Resignation | Completion of Abu Dhabi National Insurance Company PJSC’s acquisition of Allianz SE’s indirect stake in the Company representing 51% of the share capital of the Company. |
| Element List | Explanation |
|---|---|
| Resigned Member Name | Adel Mohammed Mallawi |
| Membership Type | Non- Executive |
| Resignation Submission Date | 2024-04-17 Corresponding to 1445-10-08 |
| Resignation Effective Date | 2024-04-17 Corresponding to 1445-10-08 |
| Membership Starting Date for the Resigned Member | 2022-08-08 Corresponding to 1444-01-10 |
| Reasons of Resignation | Completion of Abu Dhabi National Insurance Company PJSC’s acquisition of Allianz SE’s indirect stake in the Company representing 51% of the share capital of the Company. |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Charalampos Mylonas |
| Membership Type | Executive |
| Membership Start Date | 2024-04-17 Corresponding to 1445-10-08 |
| Brief Resume of the Appointed Member | Mr. Charalampos Mylonas has extensive experience in the actuarial science and in the insurance sector. He is currently the chief executive officer of Abu Dhabi National Insurance Company PJSC. He has a bachelor’s degree in mathematics from the National & Kapodistrian University of Athens and a masters degree in actuarial sciences from The City University London. |
| The date of the approval by other official authorities | Approval of the Insurance Authority dated 11 Shaaban 1445H corresponding to 21 February 2024 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Husam Zeyad Ahmad Mansour |
| Membership Type | Non- Executive |
| Membership Start Date | 2024-04-17 Corresponding to 1445-10-08 |
| Brief Resume of the Appointed Member | Mr. Husam Mansour has extensive experience in the corporate and human resources. He is currently the EVP & chief human resources and corporate affairs officer of Abu Dhabi National Insurance Company PJSC. He has a bachelor’s degree in IT from the University of Philadelphia in Jordan and a masters degree in human resources and business administration from Wollongong in Dubai. |
| The date of the approval by other official authorities | Approval of the Insurance Authority dated 11 Shaaban 1445H corresponding to 21 February 2024 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Jugal Kishore Madaan |
| Membership Type | Non- Executive |
| Membership Start Date | 2024-04-17 Corresponding to 1445-10-08 |
| Brief Resume of the Appointed Member | Mr. Jugal Kishore Madan has extensive experience in the insurance underwriting field. He is currently the chief underwriting and strategic accounts officer of Abu Dhabi National Insurance Company PJSC. He has a bachelor’s degrees in commerce and in law from Meerut University India and an MBA in finance from IGNOU University India. |
| The date of the approval by other official authorities | Approval of the Insurance Authority dated 11 Shaaban 1445H corresponding to 21 February 2024 |
| Element List | Explanation |
|---|---|
| Appointed Member Name | Stefano Nalin |
| Membership Type | Non- Executive |
| Membership Start Date | 2024-04-17 Corresponding to 1445-10-08 |
| Brief Resume of the Appointed Member | Mr. Stefano Nalin has extensive experience in business development. He is currently the EVP chief business development of Abu Dhabi National Insurance Company PJSC. He has a bachelor’s degree in engineering from the Universita di Padova, Italy. |
| The date of the approval by other official authorities | Approval of the Insurance Authority dated 11 Shaaban 1445H corresponding to 21 February 2024 |
| Element List | Explanation |
|---|---|
| Date of Board Meeting in which Appointed New Member(s) were Appointed | 2024-04-17 Corresponding to 1445-10-08 |
| Board Approval | Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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