ACIG names Abdulaziz Al-Zoom Chairman, Yasser Al-Jarallah Deputy

Logo of Allied Cooperative Insurance Group's (ACIG)

Allied Cooperative Insurance Group's (ACIG) board of directors approved today, July 31, the appointment of Abdulaziz Al-Zoom as Chairman and Yasser Al-Jarallah as Vice Chairman.

The decision came after obtaining the approval of Insurance Authority (IA) on July 30, according to a Tadawul statement.

For more news on listed companies

In addition, the board approved the formation of the sub-committees for the seventh term that runs from June 26, 2025, through May 17, 2029.

The executive committee will be chaired by Yasser Al-Jaraalah, along with Faiz Mahfouz, Abdulaziz Al-Zoom, and Ali Al-Jaafari as members.

The nominations and remuneration committee included Abdullah Al-Buraim as Chairman, as well as Abdulaziz Al-Zoom and Abdulaziz Al-Omari as members.

Headed by Faiz Mahfood, the investment committee included Yasser Al-Jarallah, Abdulrahman Al-Amoudi and Ali Al-Jaafari as members.

Meanwhile, the risk management committee was formed, with Hamad Al-Mashari as Chairman, as well as Abdullah Al-Brahim and Abdulatif Al-Mundil as members.

In June 2022, the board approved appointing Yasser Al-Jaraalah as Chairman, according to Argaam data.

Al-Zoom served as the CEO of the General Authority for Competition from 2022 to 2024. He is also a board member in several listed companies on the Saudi Exchange and was the Head of Research at the Capital Market Authority.

Al-Zoom holds a PhD in Economics from the University of Nebraska and a Master’s degree in Economics from the University of Colorado, US.