Skip to main content
Custom print
Download Original PDF

Appendix (3) I. Senior Positions in Insurance and/or Reinsurance Companies Operating in Saudi Arabia that Require Sama’s Written Non-Objection

No: 42064776

Effective from 2021-04-24 - Apr 23 2021
To view other versions open the versions tab on the right

• Board of Directors

1.Members of the board of directors (including the board’s chairman and vice-chairman);
 
2.Chairs and members of committees emerging from the board of directors; and
 
3.Secretary of committees emerging from the board of directors.
 

• Senior Management

The following positions, and the like: 
 
1.Chief Executive Officer/ Managing Director/ General Director (his/her deputy);
 
2.Chief Financial Officer;
 
3.Chief Operating Officer;
 
4.Chief Risk Officer;
 
5.Chief Investment Officer;
 
6.Director of Internal Audit;
 
7.Chief Compliance Officer;
 
8.Director of Anti-Money Laundering and Counter-Terrorist Financing;
 
9.Director of Anti-Financial Crimes;
 
10.Director of Anti-Fraud;
 
11.Director of Information Technology;
 
12.Director of Information Security/Cyber Security;
 
13.Director of Governance/ Secretary of Board of Directors
 
14.Director of Legal Affairs;
 
15.The Appointed Actuary;
 
16.Director of Actuarial Services;
 
17.Director of Human Resources;
 
18.Managers of Regional Branches;
 
19.Director of Claims;
 
20.Director of Customer Service;
 
21.Director of Reinsurance;
 
22.Director of Marketing;
 
23.Director of Sales;
 
24.Director of Underwriting; and
 
25.Any other positions directly reporting to the Chief Executive Officer/Managing Director/General Manager.
 

II. Senior Positions in Insurance Service Providers Operating in Saudi Arabia that Require SAMA’s Written Non-objection

The following positions, and the like:

1.Members of the board of directors (including the board’s chairman and vice-chairman);
 
2.Chief Executive Officer/General Manager (his/her deputy);
 
3.Director of Reinsurance;
 
4.Officers responsible for actuarial services;
 
4.Compliance Officer or Liaison Officer;
 
5.Any positions in senior management specified for insurance and/or insurance companies, held by non-Saudis; and
 
6.Any other positions directly reporting to the Chief Executive Officer/General Manager, held by non-Saudis.