Riyadh — Mubasher: Saudi Arabian Cooperative Insurance Company (SAICO) announced that its board of directors has officially appointed Khalid Ali A. Ballow as the CEO to be effective as of 22 October 2026, according to a bourse filing.
The appointment concludes Ballow’s tenure as an Acting CEO following his initial appointment to the interim role on 21 May 2026.
Ballow brings more than 27 years of leadership experience within the insurance sector to the position. His career at SAICO spans 16 years since he joined the firm in 2010.
Prior to his elevation to the top executive post, Ballow served as the Vice President of Sales and Business Development.
His academic background includes a Master of Business Administration obtained in 2008 and a Bachelor’s degree in Administrative Sciences from King Saud University in 1998.
Ballow also holds a professional marketing diploma from 2003 and specialized insurance certifications.
The board of directors confirmed that Ballo’s commencement in the permanent role is effective immediately as of the board resolution date.
