IA approves Majed Al-Suwaigh as Al Sagr Insurance Chairman

01/06/2025 Argaam
Logo ofAl Sagr Cooperative Insurance Co.

Logo of Al Sagr Cooperative Insurance Co.

Al Sagr Cooperative Insurance Co. received approval from the Insurance Authority (IA) on June 1 for the appointment of independent board member Majid Al Suwaigh as Chairman of the Board, Chairman of the Executive Committee, and member of the Risk Committee, the company said in a filing to Tadawul.

 

The board unanimously approved Al-Suwaigh’s appointment during its second meeting of 2025, held on May 6, following the resignation of Saud Al Arifi as chairman. Al Arifi will remain on the board.

 

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The board also approved Al Suwaigh to lead the Executive Committee, succeeding Al Arifi, who will continue as a committee member. His appointment to the Risk Committee was confirmed upon completion of all regulatory requirements.

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