Saudi Enaya for Cooperative Insurance is announcing that the CEO is resigned and the appointment of an interim CEO

Saudi Enaya for Cooperative Insurance is announcing that the Current CEO Mr. Gianin Zogg has resigned from his current position as CEO effective 18/12/2012. His resignation was accepted without prejudice and was handed in for personal reasons and last working day is 19/12/2012. Accordingly the board of Directors and the Nomination & Remuneration committee has appointed Mr. Sulaiman Mahmoud Hilal as the Interim CEO effective 19/12/2012. Later on Saudi Enaya will make an announcement once we have all approvals from regulation regarding the Interim CEO.The Board of Directors would like to take this opportunity to thank Mr. Gianin Zogg for his contribution during his time with Saudi Enaya.

The Capital Market Authority Announces the Initial Public Offering of Saudi Enaya Cooperative Insurance Company

The CMA Board has issued its resolution number (4-34-2011) on 24/12/1432H (20/11/2011G) approving the initial public offering of (16,000,000) shares, which represent (40%) of Saudi Enaya Cooperative Insurance Company share capital. The offer price will be (SAR 10) per share, and the subscription period will be from 24/1/1433H (19/12/2011G) to 30/1/1433H (25/12/2011G).The prospectus will be published within sufficient time prior to the subscription period. The prospectus includes all relevant information that the investor needs to know before making an investment decision, including the company's financial statements, activities and management.

Saudi Enaya Cooperative Insurance has received the license for practicing medical insurance

Saudi Enaya Cooperative Insurance has received on date 12/08/2012 the license No: 32/20128/issued on 07/08/2012 from The Saudi Arabian Monetary Agency (SAMA) to practice medical insurance.Saudi Enaya Cooperative insurance is now authorized to operate as a publicly listed Saudi company specialized in Medical Insurance.