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.
| 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 |
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