Gulf Insurance Group (GIG) announced on Sunday the formation of its Audit Committee for the new term, starting August 1, 2024, and ending July 31, 2028, based on a Board of Directors resolution. The appointed members are as follows:
- Mr. Khalid Al Turiafi (Chairman) – Independent, Non-Board Member.
Mr. Khalid is a Certified Public Accountant from the Colorado State Board of Accountancy and Saudi Arabia, with over 25 years of experience in leading organizations.
- Mr. Turki Obailan – Independent, Non-Board Member.
Mr. Turki has extensive regulatory experience and previously served as the Head of the On-site Unit for local banks at the Saudi Central Bank (SAMA). He holds a Master’s degree in Business Administration from the University of Hull, UK.
- Mr. Bader Al Jeraisy – Independent, Board Member.
Mr. Bader is currently the Head of the Privatization Department at the Ministry of Sports. He graduated in 2015 with a degree in Financial Management from Prince Sultan University.
The company received non-objection approval from the Insurance Authority on September 26, 2024, for these appointments.
