Riyadh – Mubasher: Allied Cooperative Insurance Group (ACIG) has appointed Rakan Nasr Abudaf as an independent member of its board of directors.
The appointment, which fills a current vacancy, was approved during a board meeting held on 1 July 2026.
Abudaf brings extensive experience from the banking and industrial sectors to the board. His professional background includes corporate banking at Banque Saudi Fransi, where he specialized in corporate finance, structured finance, and credit risk assessment.
He has also held several executive leadership positions in strategy, finance, and business development within the industrial and investment sectors, overseeing joint ventures and institutional transformation programs.
The company stated that the board's approval is not final and will be presented at the next General Assembly meeting for formal ratification.
The appointment follows the receipt of non-objection from relevant official authorities on 3 August 2026.
