|Name||Position||No. Of Shares*||Board Member**||Representing||Members Classification|
|Alwaleed Al Dryaan||Nomination & Remuneration Committee Chairman||1,000|| ||Public||Independent|
|Abdullah Al Hussaini||Member||1,000|| ||Public||Independent|
|Patrice Couvegnes||Member||NIL|| ||Banque Saudi Fransi||Non Executive|
|Abdulrahman Al Sughayer||Risk Management Committee Chairman||NIL|| |
|Banque Saudi Fransi||Non Executive|
|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
October 2006 :
The founders receive the authorization to establish the Company as per Royal Decree No. 60/M.
The Company goes public through an Initial Public Offering.
The Constituting General Assembly is held.
The Operational License from SAMA (Ref: TMN/11/20083) is obtained.
The Company moved to the new Head Office in Riyadh and received its first products' approval.
SAMA approved the transfer of Insaudi Portfolio subject to no goodwill.
Insaudi Portfolio transfer was completed and integrated in the opening balance sheet for 2009.
Approval for the individual Protection & Saving products is received.
Approval for the BSF Bancassurance Protection & Saving products is received.
The Company completed its 10 Million Shares Rights Issue and the Capital became SAR 200 Million.
BSF Bancassurance Portfolio transfer was completed.
The Company renewed its operational license from SAMA (Ref: TMN/11/20083) for another 3 years.
The Company launched the Protection & Saving Gold Sharia Compliant Products.
The Company restructured its Direct Sales Force for Retail Business as well as its branches.
The Company restructured its Corporate Sales Force to better serve corporate and commercial customers.
The Company launched a common platform for all Sales Channels including Sales Support Function.
Xavier Denys succeeds Antoine Issa as Company Chief Executive Officer.
License to sell General Insurance, Health Insurance and Protection & Saving Insurance renewed for another 3 years.
Mr. Ammar Al Khudairy appointed as new Chairman of the Company.
D&O Liability and Medical Malpractice Insurance Products approved by SAMA
Mr. Oliver Bäte, CEO of Allianz SE, visited the Company HQ in Riyadh.
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.
Visitor Insurance Product approved by SAMA.
Claims Workflow launched in HQ and Branches.
New Strategies Initiatives that focus on customers and providing new technical services (Renewal Agenda) launched.
The Company achieved its highest Net Profit - before Zakat and Tax - since its establishment in 2006.