Riyadh — Mubasher: Gulf General Cooperative Insurance Company announced that its board of directors has resolved to extend the assignment of Mohammed Abdullah Ahmed Alghamdi as the Acting CEO, according to a bourse disclosure.
The decision was reached via a circular resolution on 15 October 2026, while it follows the receipt of a non-objection letter from the Insurance Authority (IA) on 1 November 2026.
The extension is set for a period of 6 six months, effective from 20 November 2026.
Alghamdi currently serves as the Director of Sales and Marketing at GGCI. The official holds a bachelor’s degree in business administration from King Abdulaziz University. His professional background includes various leadership roles within the insurance and financial services sectors, with specific expertise in direct sales, bancassurance, and branch management.
The company stated that the extension ensures continuity in its executive leadership as it leverages Alghamdi’s experience in sales development and marketing strategy.
