Riyadh:The Board of Directors of the Insurance Authority has appointed Abdulaziz Ibrahim Alnowaiser as the new Chief Executive Officer. He will succeed Eng. Naji AlFaisal AlTamimi, with the transition set to take effect on November 01, 2026.

According to Saudi Press Agency, the board expressed its appreciation for Eng. Al-Tamimi's contributions and achievements, which were instrumental in strengthening the authority's role during its founding phase. They also extended their best wishes to Alnowaiser in steering the authority towards achieving the goals outlined in the National Insurance Sector Strategy.

Alnowaiser expressed his gratitude to the board for their trust and emphasized his dedication to building upon the authority's accomplishments. He committed to working with all stakeholders to foster a trusted and sustainable insurance sector.

With over 25 years of experience in executive and board-level leadership across various sectors such as investment, real estate development, technology, telecommunications, transportation, financial services, and insurance, Alnowaiser is well-equipped for his new role. His previous roles include CEO of Emaar, The Economic City, and CEO of Tahakom Investments Company, a subsidiary of the Public Investment Fund (PIF).

Alnowaiser's academic credentials include a master's degree in accounting from Case Western Reserve University in the United States and a bachelor's degree in accounting from King Saud University, where he also served as a lecturer. He has passed the CPA examination and holds several professional certifications in accounting, finance, and auditing, including CMA, CIA, CFM, CFSA, and DipIFR.