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United Cooperative Assurance Company announces the Appointment of Acting CEO
| Element List | Explanation |
|---|---|
| Introduction | The United Cooperative Assurance Company announces the issuance of a Board of Directors resolution dated 11 Jumada II 1447H, corresponding to 02 December 2025, appointing Mr. Marwan bin Mohammed Al-Hazmi as an Acting Chief Executive Officer of the company, after obtaining the Insurance Authority’s No Objection dated 25 Jumada II 1447H, corresponding to 16 December 2025. |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the Appointed Person | Marwan bin Mohammed Al-Hazmi |
| Date of Board Resolution | 2025-12-02 Corresponding to 1447-06-11 |
| Date Work Commencement | 2025-12-16 Corresponding to 1447-06-25 |
| Brief Resume | Mr. Marwan Al-Hazmi has more than 30 years of professional experience in business planning, sales and marketing management in the insurance sector, in addition to outstanding academic and professional qualifications. In addition to his practical experience in a number of insurance companies in the Kingdom of Saudi Arabia, he obtained a Master of Business Administration in Marketing and Advanced Marketing Strategies - University of Leicester - United Kingdom, along with a Bachelor of Political Science - King Abdulaziz University. The Board of Directors has expressed their wishes for his success and prosperity in his upcoming duties. |
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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