| Element List | Explanation |
|---|---|
| Introduction | Allied Cooperative Insurance Group announces the Board of Directors' resolution (by circulation) dated 13 November 2025, corresponding to 22 Jumada al-Awwal 1447 AH, approving the acceptance of the resignation of the company's CEO, Mr. Mohammed bin Abdullah Al-Ghadi, for personal reasons, with his resignation taking effect from 22 November 2025. The Board of Directors has also decided to appoint Mr. Hamad bin Abdulaziz Al-Mushari as the company's CEO, effective from 23 November 2025, following the issuance of no-objection from the Insurance Authority regarding this appointment. The Board of Directors extends its sincere thanks and appreciation to Mr. Mohammed bin Abdullah Al-Ghadi for his efforts and valuable contributions during his tenure, wishing him continued success and prosperity. |
| Element List | Explanation |
|---|---|
| Name of the Resigned Person | Mr. Mohamed Abdullah Al-Ghadi |
| Resignation Acceptance Date | 2025-11-13 Corresponding to 1447-05-22 |
| Resignation Effective Date | 2025-11-22 Corresponding to 1447-06-01 |
| Reasons for Resignation | For personal reasons. |
| Element List | Explanation |
|---|---|
| Appointment Type | Appointment |
| Name of the Appointed Person | Mr. Hamad Abdulaziz Al-Mishari |
| Date of Board Resolution | 2025-11-13 Corresponding to 1447-05-22 |
| Date Work Commencement | 2025-11-23 Corresponding to 1447-06-02 |
| Brief Resume | Mr. Hamad bin Abdulaziz Al-Mishari has over twenty years of experience in the fields of insurance, risk management, and financial services. Mr. Al-Mishari holds two master's degrees, one in Economics and another in Insurance and Risk Management from the University of Illinois at Urbana–Champaign, USA. Throughout his career, he has held several leadership positions in various companies and institutions, including General Manager of Dhaman Insurance Brokerage Company, Executive Vice President of Allianz Saudi Fransi Cooperative Insurance Company, Head of Risk Management at Al-Alamiya Cooperative Insurance Company, and Director of Governance, Risk, and Compliance in the Aviation and Aerospace sector at the Saudi Arabian Military Industries (SAMI), in addition to his work in the insurance supervision sector at the Saudi Central Bank. He has also participated in several international committees and forums specializing in risk management and insurance, most notably the Risk Management Working Group at the Islamic Financial Services Board (IFSB) and the International Association of Insurance Supervisors (IAIS). |
