اعلان شركة أكسا للتأمين التعاوني عن استقالة وتعيين أعضاء في مجلس إدارة الشركة

AXA Cooperative Insurance Co. Announces Resignation and Appointment of a Board Members 8250 GIG 1.43 % 1443/01/30     07/09/2021 08:34:08 Introduction AXA Cooperative Insurance Co. announces changes in its Board of Directors membership as a result of the acquisition by Gulf Insurance Group K.S.C.P ("GIG") of 100% of the share capital of AXA Insurance (Gulf) Company B.S.C. (C) resulting in GIG indirectly owning 50% of the shareholding of AXA Cooperative Insurance Co. Accordingly, AXA Insurance (Gulf) Company B.S.C. (C) and AXA Mediterranean Holding S.A representatives have resigned from AXA Cooperative Insurance Co Board of Directors and GIG representatives have been appointed. Resigned Member Name Nicolas De Nazelle Membership Type Non- Executive Resignation Submission Date 2021-09-06 Corresponding to 1443-01-29 Resignation Acceptance Date 2021-09-06 Corresponding to 1443-01-29 Resignation Effective Date 2021-09-06 Corresponding to 1443-01-29 Membership Starting Date for the Resigned Member 2021-08-01 Corresponding to 1442-12-22 Reasons of Resignation As a result of the acquisition by Gulf Insurance Group K.S.C.P ("GIG") of 100% of the share capital of AXA Insurance (Gulf) Company B.S.C. (C) resulting in GIG indirectly owning 50% of the shareholding of AXA Cooperative Insurance Co. Accordingly, AXA Insurance (Gulf) Company B.S.C. (C) and AXA Mediterranean Holding S.A representatives have resigned from AXA Cooperative Insurance Co Board of Directors. Resigned Member Name Stephen Wagstaff Membership Type Non- Executive Resignation Submission Date 2021-09-06 Corresponding to 1443-01-29 Resignation Acceptance Date 2021-09-06 Corresponding to 1443-01-29 Resignation Effective Date 2021-09-06 Corresponding to 1443-01-29 Membership Starting Date for the Resigned Member 2021-08-01 Corresponding to 1442-12-22 Reasons of Resignation As a result of the acquisition by Gulf Insurance Group K.S.C.P ("GIG") of 100% of the share capital of AXA Insurance (Gulf) Company B.S.C. (C) resulting in GIG indirectly owning 50% of the shareholding of AXA Cooperative Insurance Co. Accordingly, AXA Insurance (Gulf) Company B.S.C. (C) and AXA Mediterranean Holding S.A representatives have resigned from AXA Cooperative Insurance Co Board of Directors. Resigned Member Name Ali Abdulla Kanoo Membership Type Non- Executive Resignation Submission Date 2021-09-06 Corresponding to 1443-01-29 Resignation Acceptance Date 2021-09-06 Corresponding to 1443-01-29 Resignation Effective Date 2021-09-06 Corresponding to 1443-01-29 Membership Starting Date for the Resigned Member 2021-08-01 Corresponding to 1442-12-22 Reasons of Resignation As a result of the acquisition by Gulf Insurance Group K.S.C.P ("GIG") of 100% of the share capital of AXA Insurance (Gulf) Company B.S.C. (C) resulting in GIG indirectly owning 50% of the shareholding of AXA Cooperative Insurance Co. Accordingly, AXA Insurance (Gulf) Company B.S.C. (C) and AXA Mediterranean Holding S.A representatives have resigned from AXA Cooperative Insurance Co Board of Directors. Resigned Member Name Matthieu Bebear Membership Type Non- Executive Resignation Submission Date 2021-09-06 Corresponding to 1443-01-29 Resignation Acceptance Date 2021-09-06 Corresponding to 1443-01-29 Resignation Effective Date 2021-09-06 Corresponding to 1443-01-29 Membership Starting Date for the Resigned Member 2021-08-01 Corresponding to 1442-12-22 Reasons of Resignation As a result of the acquisition by Gulf Insurance Group K.S.C.P ("GIG") of 100% of the share capital of AXA Insurance (Gulf) Company B.S.C. (C) resulting in GIG indirectly owning 50% of the shareholding of AXA Cooperative Insurance Co. Accordingly, AXA Insurance (Gulf) Company B.S.C. (C) and AXA Mediterranean Holding S.A representatives have resigned from AXA Cooperative Insurance Co Board of Directors. Appointed Member Name Osama Kamela Kishk Membership Type Non- Executive Membership Start Date 2021-09-06 Corresponding to 1443-01-29 Brief Resume of the Appointed Member • Mr. Kishk is the Group CFO of gig and joined the Group in June 2017 • Mr. Kishk has over 26 years of experience in the Finance, Accounting, Treasury, Investment and Auditing related fields. Prior to joining gig, he has worked with MetLife, Rasameel Group, Bayt AlMal Investments, Ernst & Young and Coopers & Lybrand • Mr. Kishk holds an MBA from Maastricht School of Management (MSM) in addition to several professional qualification from USA such as Certified Public Accountant (CPA), Certified Risk Professional (CRP), Certified Internal Auditor (CIA), and Certified Associate Business Manager (CABM). Appointed Member Name Bijan Khosrowshahi Membership Type Non- Executive Membership Start Date 2021-09-06 Corresponding to 1443-01-29 Brief Resume of the Appointed Member • Mr. Khosrowshahi is currently the President and CEO of Fairfax International, Board member representative for Fairfax Financial Holdings for gig and many of its subsidiaries • Mr. Khosrowshahi has over 35 years of experience in the insurance industry. He joined Fairfax in 2009 and prior to that spent 18 years with AIG and 5 year with Fuji Fire and Marine Insurance • Mr. Khosrowshahi holds an MBA and B.Sc in Mechanical Engineering from Drexel University, USA Appointed Member Name Jean Cloutier Membership Type Non- Executive Membership Start Date 2021-09-06 Corresponding to 1443-01-29 Brief Resume of the Appointed Member • Mr. Cloutier is the Chairman of Fairfax International since 2013. • Mr. Cloutier joined Fairfax in 1999 as Vice President and Chief Actuary and later became Vice President-International Operations. Prior to joining Fairfax, he worked with Lombard Canada Limited, Halifax Insurance and Dominion of Canada Insurance Company. • Mr. Cloutier received his bachelor’s degree in actuarial sciences from Laval University. He is a fellow of the Casualty Actuarial Society and a member of the Canadian Institute of Actuaries. Appointed Member Name Farid Saber Membership Type Non- Executive Membership Start Date 2021-09-06 Corresponding to 1443-01-29 Brief Resume of the Appointed Member • Mr. Saber is the Assistant Group Chief Executive Officer (Operations) of Gulf Insurance Group since November 2016. • Mr. Saber is an experienced Executive Officer with a demonstrated history of working in the insurance industry in MENA region. He is also a Member of the Board of Directors at L'Algerienne vie (AGLIC), Gulf Sigorta and Egypt Life Takaful Co., all subsidiaries of gig. • Mr. Saber has a Bachelor of Laws (LL.B.) and a Bachelor in Business Administration from the Lebanese University in Beirut and a Diploma in Insurance (Dip CII). Date of Board Meeting in which Appointed New Member(s) were Appointed 2021-09-06 Corresponding to 1443-01-29 Board Approval Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval Additional Information The Chairman and members of the Board of directors of AXA Cooperative Insurance Co. expressed their appreciation to the resigned members for their valuable efforts during their terms of office. Circular resolution of the board of Directors of AXA Cooperative Insurance Co. passed on 6 September 2021. The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate. Share Previous Announcements Gulf Insurance Group (GIG) announces the board of director’s recommendation to distribute cash dividends for for the 2025 fiscal year Gulf Insurance Group (GIG) announces the board of director’s recommendation to distribute cash dividends for for the 2025 fiscal year 8250 GIG 1.43 % 1447/10/24     12/04/2026 08:14:51 Correction announcement from Gulf Insurance Group in regards to Gulf Insurance Group announces its Annual Financial Results for the Period Ending on 2025-12-31 Correction announcement from Gulf Insurance Group in regards to Gulf Insurance Group announces its Annual Financial Results for the Period Ending on 2025-12-31 8250 GIG 1.43 % 1447/09/12     01/03/2026 08:32:46 Gulf Insurance Group announces its Annual Financial Results for the Period Ending on 2025-12-31 Gulf Insurance Group announces its Annual Financial Results for the Period Ending on 2025-12-31 8250 GIG 1.43 % 1447/09/09     26/02/2026 08:08:48 View all announcements Company Performance GIG Add To Watchlist In your Watchlist Add To Watchlist Zoom 1D 1M 3M 1Y 3Y 5Y Inception Created with Highcharts 10.0.0 Highcharts Stock Responsive Chart Click small/large buttons or change window size to test responsiveness 10:30 11:00 10:15 10:45 10:30 11:00 24.9 25 25.1 25.2 25.3 25.4 25.5 25.6 25.7 25.8 Zoom Zoom ▾ 1M 3M 1Y 3Y 5Y Inception Apr 12, 2026 → Apr 12, 2026 Key Parameters Last Price 25.56 Net Change 0.36 (+1.43%) Value Traded (Sar) 1,389,316.78 Volume Traded 54,794 See The Company Profile Upcoming Calendar Dates 8250 GIG | 2025-04-03 8250 GIG | 2024-08-01 8250 GIG | 2024-04-14 LoginPortletPopupv2 /wps/contenthandler/!ut/p/digest!kc1LQRVyufmWq-KSiseRGw/pm/oid:--portletwindowid--@oid:Z6_5A602H80O0HTC060SG6UT81DI3 /wps/contenthandler/!ut/p/digest!kc1LQRVyufmWq-KSiseRGw/um/secure/currentuser/profile?expandRefs=true Log in to access your watchlist Error Here Error Here Log In Don't Have Account? 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