Allianz Saudi Fransi Cooperative Insurance Company announced that the Board Member Mr. Hugues de Roquette Buisson,(Non-Executive)representing Allianz France SE, has submitted his resignation from his position to Board of Directors on January 10, 2017 with effect from January 01, 2017, due to the reasons of personal commitments. Moreover the Board of Directors approved the resignation on January 01, 2017 of Mr. Hugues de Roquette Buisson and accepted the appointment of Mr. Antoine Jean Issa as Board Member (Non-Executive)representing Allianz France SE, starting from January 01, 2017. This appointment will be presented to the coming general assembly meeting for approval.