Logo of The Company for Cooperative Insurance (Tawuniya)
The Company for Cooperative Insurance (Tawuniya) said its board has appointed Sulaiman Al-Gwaiz as a non-executive board member and board Chairman. 
In a statement to Tadawul, the company said the board made the decision on Nov. 4, 2026, with the appointment taking effect on Nov. 12, following receipt of the Insurance Authority’s no-objection letters and continuing until the end of the current board term.
Al-Gwaiz’s appointment as a board member will be presented to shareholders for approval at the next general assembly meeting.
Al-Gwaiz has extensive experience in the financial and banking sectors and has held several senior positions, most notably Governor of the General Organization for Social Insurance (GOSI), Chairman of Banque Saudi Fransi, Chairman of Mastercard for the Middle East and Africa, Chairman of Royal Sun Alliance Insurance (Middle East) and Chairman of Etihad Etisalat Co. (Mobily). He also served as Vice Chairman of the boards of Saudi Industrial Investment Group (SIIG), Saudi Arabian Mining Co. (Maaden) and Almunajem Foods Co.
Al-Gwaiz currently serves as Vice Chairman of Saudi Awwal Bank (SAB), Chairman of BlackRock Saudi Arabia, as well as a board member of Almunajem Foods and SIIG. He has also served on the boards of several companies and entities, including Tasnee and the Saudi Authority for Accredited Valuers (Taqeem).
His career also included senior positions at Riyad Bank and Saudi American Bank (Samba). He holds a bachelor’s degree in business administration from the University of Portland, the US, in addition to professional certifications in corporate finance and banking operations management. Tawuniya announced last October that Abdulaziz Alnowaiser resigned as Chairman and non-executive board member due to his professional commitments, according to Argaamdata.
Logo of The Company for Cooperative Insurance (Tawuniya)
The Company for Cooperative Insurance (Tawuniya) said its board has appointed Sulaiman Al-Gwaiz as a non-executive board member and board Chairman.
In a statement to Tadawul, the company said the board made the decision on Nov. 4, 2026, with the appointment taking effect on Nov. 12, following receipt of the Insurance Authority’s no-objection letters and continuing until the end of the current board term.
Al-Gwaiz’s appointment as a board member will be presented to shareholders for approval at the next general assembly meeting.
Al-Gwaiz has extensive experience in the financial and banking sectors and has held several senior positions, most notably Governor of the General Organization for Social Insurance (GOSI), Chairman of Banque Saudi Fransi, Chairman of Mastercard for the Middle East and Africa, Chairman of Royal Sun Alliance Insurance (Middle East) and Chairman of Etihad Etisalat Co. (Mobily). He also served as Vice Chairman of the boards of Saudi Industrial Investment Group (SIIG), Saudi Arabian Mining Co. (Maaden) and Almunajem Foods Co.
Al-Gwaiz currently serves as Vice Chairman of Saudi Awwal Bank (SAB), Chairman of BlackRock Saudi Arabia, as well as a board member of Almunajem Foods and SIIG. He has also served on the boards of several companies and entities, including Tasnee and the Saudi Authority for Accredited Valuers (Taqeem).
His career also included senior positions at Riyad Bank and Saudi American Bank (Samba). He holds a bachelor’s degree in business administration from the University of Portland, the US, in addition to professional certifications in corporate finance and banking operations management. Tawuniya announced last October that Abdulaziz Alnowaiser resigned as Chairman and non-executive board member due to his professional commitments, according to Argaamdata.
