Investor Relations

Allianz - Investors

Board Of Directors

Name Position No. Of Shares* Board Member** Representing Members Classification
Alwaleed Al Dryaan Nomination & Remuneration Committee Chairman   1,000
  • Alkhaleej Training & Education Co.
Public Independent
Abdullah Al Hussaini Member   1,000
  • NIL
Public Independent
Patrice Couvegnes Member    NIL
  • CLSA (Hong Kong)
  • Banque Saudi Fransi
  • Credit Agricole (Shanghai)
  • Credit Agricole (Hong Kong)
Banque Saudi Fransi Non Executive
Abdulrahman Al Sughayer Risk Management Committee Chairman    NIL


Banque Saudi Fransi Non Executive

Hicham Raissi

Executive Committee Chairman   NIL NIL Allianz MENA Holding Bermuda Non Executive
Antoine Jean Issa Member   NIL


Allianz France Non Executive

* Owned by BOD members, their spouses or their children in Allianz Saudi Fransi

** In other Companies in KSA

Important Key Dates

  • 2006

  • 2007

  • 2008

  • 2009

  • 2010

  • 2011

  • 2012

  • 2013

  • 2014

  • 2015


October 2006 :

The founders receive the authorization to establish the Company as per Royal Decree No. 60/M.


March 2007:

The Company goes public through an Initial Public Offering.

June 2007:

The Constituting General Assembly is held.


March 2008:

The Operational License from SAMA (Ref: TMN/11/20083) is obtained.

September 2008:

The Company moved to the new Head Office in Riyadh and received its first products' approval.

November 2008:

SAMA approved the transfer of Insaudi Portfolio subject to no goodwill.


January 2009:

Insaudi Portfolio transfer was completed and integrated in the opening balance sheet for 2009.

March 2009:

Approval for the individual Protection & Saving products is received.

November 2009:

Approval for the BSF Bancassurance Protection & Saving products is received.


April 2010:

The Company completed its 10 Million Shares Rights Issue and the Capital became SAR 200 Million.

November 2010:

BSF Bancassurance Portfolio transfer was completed.


February 2011:

The Company renewed its operational license from SAMA (Ref: TMN/11/20083) for another 3 years.

June 2011:

The Company launched the Protection & Saving Gold Sharia Compliant Products.


January 2012:

The Company restructured its Direct Sales Force for Retail Business as well as its branches.

August 2012:

The Company restructured its Corporate Sales Force to better serve corporate and commercial customers.


January 2013:

The Company launched a common platform for all Sales Channels including Sales Support Function.

August 2013:

Xavier Denys succeeds Antoine Issa as Company Chief Executive Officer.


January 2014:

License to sell General Insurance, Health Insurance and Protection & Saving Insurance renewed for another 3 years.

May 2014:

Mr. Ammar Al Khudairy appointed as new Chairman of the Company.

September 2014:

D&O Liability and Medical Malpractice Insurance Products approved by SAMA

November 2014:

Mr. Oliver Bäte, CEO of Allianz SE, visited the Company HQ in Riyadh.


September 2014:

Mr. Sergio Balbinot, Member of Allianz SE Board of Management, Insurance Western & Southern Europe, Middle East, Africa and India visited the Company HQ in Riyadh.

October 2014:

Visitor Insurance Product approved by SAMA.

Claims Workflow launched in HQ and Branches.

November 2014:

New Strategies Initiatives that focus on customers and providing new technical services (Renewal Agenda) launched.

December 2014:

The Company achieved its highest Net Profit - before Zakat and Tax - since its establishment in 2006.

Corporate Governance Code

Click Here to view the Allianz Saudi Fransi Corporate Governance Code