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Chairpersons

Gulf General Cooperative Insurance Company Appoints New Leadership and Subcommittees

Strategic Insights

— 1 min read

The Gulf General Cooperative Insurance Company has announced the appointment of its new Chairman and Vice Chairman of the Board of Directors, following the Ordinary General Assembly meeting on May 15, 2025. The new leadership team, set to serve from May 16, 2025, to May 15, 2028, includes Mr. Mazen Hani Altamimi as Chairman and Mr. Taher Mohammed Omar Agueel as Vice Chairman. The company's new Board of Directors has also formed several subcommittees, including the Executive Committee, Investment Committee, and Nomination and Remuneration Committee.

Key Takeaways:

  • The Gulf General Cooperative Insurance Company has appointed Mr. Mazen Hani Altamimi as the new Chairman of the Board of Directors, effective from May 16, 2025, to May 15, 2028.
  • Mr. Taher Mohammed Omar Agueel has been appointed as the Vice Chairman of the Board, also serving from May 16, 2025, to May 15, 2028.
  • The company's Board of Directors has formed subcommittees, including the Executive Committee, Investment Committee, and Nomination and Remuneration Committee, with specific members appointed to lead each committee.
  • Mr. Saud Abdulaziz AlSulaiman will chair the Investment Committee, while Dr. Muath Khalid Alzamil will lead the Nomination and Remuneration Committee.
  • Dr. Muath Khalid Alzamil, Mr. Jamal Abdullah AlDabbagh, and Dr. Abdulwahab Mossab Abukwaik make up the Nomination and Remuneration Committee.
  • The company received non-objection from the Insurance Authority on June 22, 2025, allowing them to proceed with these appointments.

Statistics:

  • The term of appointment for the new Board of Directors and subcommittees is from May 16, 2025, to May 15, 2028 (3 years).
  • The Gulf General Cooperative Insurance Company is part of the designated market category within the Saudi Exchange.

Sources:

  • "Gulf General Cooperative Insurance Company Tadawul:GGIC" Saudi Exchange (2025-06-23)
  • The Capital Market Authority and Saudi Exchange clarification regarding the company's disclosure (no specific date mentioned)

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