Allianz Saudi Fransi Cooperative Insurance Company announced that it will appoint Xavier Denys as Chief Executive Officer. This refers to the announcement of the Board of Directors of Allianz Saudi Fransi on June 12, 2013 (03/08/1434H) related to the completion of the assignment of Mr. Antoine Issa as Chief Executive Officer with effect from July 31, 2013 (23/09/1434H). He will assume his responsibilities on August 1, 2013 (24/09/1434H).Mr. Xavier Denys held the position of CEO in Allianz SNA from January 2009 till July 2013.