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Allianz SF News from 1/1/2015 

Allianz Saudi Fransi announces a material development in the company shareholding structure

On 25th October 2017, Allianz Saudi Fransi (AzSF) has been informed that Allianz Group has reached a legally binding agreement with Banque Saudi Fransi (BSF) to purchase from BSF 57% of its shareholding in AzSF, representing 18.5% of the share capital of the company, at a price of SAR 22.0 per share. The transaction received SAMA non-objection and will be completed by Allianz Europe BV (a 100% subsidiary of Allianz SE).
The transaction will be subject to further regulatory approvals. Following the completion of the transaction, Allianz Group will hold 51.0% of the share capital of Allianz Saudi Fransi Cooperative Insurance Company (Allianz Europe BV will hold 18.5%, Allianz France International will hold 16.25% and Allianz Mena Holding Bermuda will hold 16.25%) and Banque Saudi Fransi will hold 14.0% respectively.

Banque Saudi Fransi will remain a strategic partner of Allianz Saudi Fransi.

With this transaction, Allianz Group is increasing its commitment to further develop its operations in the Kingdom of Saudi Arabia.

Allianz Saudi Fransi Cooperative Insurance Co. announces the interim financial results for the period ending on 31-03-2017 (Three Months)

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Allianz Saudi Fransi Cooperative Insurance Co. announces the annual financial results for the period ending on 31-12-2016 (Twelve Months)

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Allianz Saudi Fransi Cooperative Insurance Co. announces the Resignation and Appointment of Board Member

Allianz Saudi Fransi Cooperative Insurance Co. announces that the Board Member Mr. Hugues de Roquette Buisson,(Non-Executive)representing Allianz France SE,has submitted his resignation from his position to Board of Directors on 10-01-2017 with effect from 12-01-2017 due to the reasons of personal commitments. Moreover the Board of Directors approved the resignation on 12-01-2017 of Mr.Hugues de Roquette Buisson and accepted the appointment of Mr. Antoine Jean Issa as Board Member (Non-Executive)representing Allianz France SE, starting from 12-01-2017. This appointment will be presented to the coming general assembly meeting for approval.The company represented by the board of directors would like to thank Mr.Hugues de Roquette Buisson for his valuable contribution during the period in which he was a member in the board of directors.It is worth mentioning that Mr. Antoine Issa has a bachelor degree in civil engineering and a masters degree in finance. In addition he has a broad experience and the Saudi market and he currently holds the position of Regional Chief Executive Officer for Allianz Mena.

Allianz Saudi Fransi Cooperative Insurance Co. announces the interim financial results for the period ending on 30-09-2016 (Nine Months)

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Allianz Saudi Fransi Cooperative Insurance Co. announces the interim financial results for the period ending on 30-06-2016 (Six Months)

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Allianz Saudi Fransi Cooperative Insurance Co. announces the interim financial results for the period ending on 31-03-2016 (Three Months)

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Allianz Saudi Fransi Cooperative Insurance Co. announces the interim financial results for the period ending on 31-12-2015 (Twelve Months)

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Allianz Saudi Fransi Cooperative Insurance Co. announces the Resignation of Board Member

Allianz Saudi Fransi Cooperative Insurance Co. Announces that its Board Member Mr. Heinz Dollberg (Non-Executive Representing Allianz MENA Holding Bermuda), has submitted his resignation from his position as member of its Board of Directors on 05-01-2016 and has been accepted by Board of Directors on 06-01-2016, which shall be effective from 06-01-2016, and which is due to personal commitments.

All members the Board of Directors and top management express their recognition to Heinz Dollberg for his valuable participation throughout his membership in the Board of Directors, wishing him all the best in his future steps

Allianz Saudi Fransi Cooperative Insurance Co. announces SAMA's Final approval for its insurance products.

Allianz Saudi Fransi Cooperative Insurance Co. announces obtaining on 01-12-2015 corresponding to 19-02-1437 the Saudi Arabian Monetary Agency (SAMA) letter No. 371000020835 dated 01-12-2015 corresponding to 19-02-1437 containing SAMA's final approval to use of insurance products for the following products :

1-Motor - Third Party Liability.
2-Motor - Comprehensive.

Allianz Saudi Fransi Cooperative Insurance Co. announces the interim financial results for the period ending on 30-09-2015 (Nine Months)

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Allianz Saudi Fransi Cooperative Insurance Co. announces SAMA's Final approval for its insurance products.

Allianz Saudi Fransi Cooperative Insurance Co. announces obtaining on 12-10-2015 corresponding to 29-12-1436 the Saudi Arabian Monetary Agency (SAMA) letter No. 361000157611 dated 12-10-2015 corresponding to 29-12-1436 containing SAMA's final approval on Visitors' Insurance product (product concerned with the insurance of individuals applying for a visit visa to the Kingdom of Saudi Arabia)

Allianz Saudi Fransi Cooperative Insurance Company announces the interim financial results for the period ending on 31-03-2015 (Three Months)

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Allianz Saudi Fransi Cooperative Insurance Company announces the annual financial results for the period ending on 31-12-2014

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Allianz Saudi Fransi Cooperative Insurance Company announces the interim financial results for the period ending on 31-12-2014 (Twelve Months)

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