Allianz Saudi Fransi Cooperative Insurance Co. Announces that the Board of Directors has agreed on April 27, 2021 to end the appointment of its Chief Executive Officer (CEO) Mr. Andreas Brunner starting from May 1, 2021 and has appointed Mr. Anuj Agarwal as the company's new CEO starting from May 1, 2021. The Board of Directors received the letter of non-objection from SAMA on February 17,2021. Mr. Anuj Agarwal has held several leadership positions since joining Allianz Group in 1997 where he worked as a member of the Board of Management and Chief Financial Officer (CFO) for Allianz Egypt in 2009 and Allianz Indonesia in 2012 as well as the regional CFO of Allianz Africa in 2017. Mr. Anuj Ajarwal holds a Bachelor's Degree in Engineering and a Masters of Management Studies.