Khalid Allagany steps down as CEO of Gulf General Coop. Insurance Company
Anjum Khan
Khalid Allagany, Chief Executive Officer of Gulf General Cooperative Insurance Company since December 2022, has submitted his resignation from the role, citing ‘personal reasons’.
He will continue to serve as CEO for the next four months as part of a transition period. Confirming the development, the company stated in a stock exchange filing: “Gulf General Cooperative Insurance Company announces that its Board of Directors has accepted the resignation of the CEO, Mr. Khalid Gaafar Allagany, submitted on May 20, 2025, effective August 20, 2025.”
The Board expressed its appreciation for Khalid’s contributions, adding: “The Board extends its sincere appreciation to Mr. Khalid Allagany for his valuable contribution during his tenure and wishes him continued success and prosperity in his future endeavours.”
The company also noted: “Any further developments related to the appointment of a new CEO will be announced in due course, following the necessary regulatory approvals.”
Khalid brings over three decades of leadership experience in the banking and insurance sectors. Before joining GGI, he served as CEO and Managing Director of Al Alamiya Company for Cooperative Insurance for more than a decade.
Prior to that, he held key leadership roles including CEO of Alahli Takaful Company, Head of Personal Financial Planning at Saudi Hollandi Bank, and Head of Insurance at Banque Saudi Fransi.
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Khalid began his career in the insurance sector with Tawuniya as an Underwriting Officer and, over the years, has developed core competencies in risk management, management consulting, team leadership, financial risk analysis, change management, and executive leadership development.
