Riyadh, Saudi Arabia–Al-Saqr Cooperative Insurance Company has announced the appointment of its new board of directors and the formation of key committees for the upcoming term, which is set to conclude on November 22, 2026.
These appointments were confirmed following the receipt of a no-objection notice from the Insurance Authority.
The newly appointed chairman of the board of directors is Mr. Saud Saleh Al-Arifi, an independent member. Serving alongside him as the vice chairman is Mr. Naif Rashed Alarfaj, also an independent member.
The executive committee will be chaired by Mr. Saud Saleh Al-Arifi. The committee also includes non-executive members Mr. Abdel Mohsen Nafez Jaber and Mr. Sultan Abdulaziz Al-Suwaidi, as well as executive member Mr. Yasser Mohammed Al-Harbi, and Independent member Mr. Abdullah Suleiman Al-Hindi.
Headed by Mr. Yasser Muhammad Al-Harbi, an executive member, the Investment Committee will also comprise Non-Executive member Mr. Abdel Mohsen Nafez Jaber, and Independent members Dr. Mohamed Abdulaziz Alnuaim and Mr. Ahmed Khader Albaqshi.
The Risk Committee will be led by Mr. Naif Rashed Alarfaj, an independent member. The committee includes Non-Executive member Mr. Sultan Abdulaziz Al-Suwaidi and Independent member Mr. Saud Saleh Al-Arifi.
Chaired by Independent member Mr. Abdullah Suleiman Al-Hindi, this committee will also include Independent members Mr. Ahmed Khader Albaqshi, Dr. Mohamed Abdulaziz Alnuaim, and Mr. Naif Rashed Alarfaj.
These appointments mark a significant step in Al-Saqr Cooperative Insurance Company’s governance, ensuring a robust structure for decision-making and strategic planning in the insurance sector.
