ACIG names Fawaz Elshereby as chairman, Nouf Elhaqabani resigns

Allied Cooperative Insurance Group’s (ACIG) board of directors approved the resignation of the chairperson, Nouf Elhaqabani, from the membership and presidency of the company’s board and related committees.

The resignation, submitted for personal reasons, is effective Monday, Feb. 15, 2021, the company said in a bourse statement.

Meanwhile, the board of directors appointed Fawaz Elshereby as board chairman, subject to no-objection from the Saudi Central Bank (SAMA).