Saudi Re announces the appointment of acting CEO

He comes with more than 25 years of experience

Saudi Re announces the appointment of acting CEO


By Abigail Adriatico

Saudi Reinsurance Company (Saudi Re), a reinsurer in Saudi Arabia, has announced the appointment of Ahmed Al-Jabr (pictured) as its acting CEO.

Al-Jabr has held various leadership roles in firms such as NCB Capital, Gulf International Bank, Al Jabr Holding, Asharqia Chamber, Ajzal Capital, and Fikrah.

He will be taking on the role of acting CEO following Fahad Al-Hesni’s resignation from his post due to personal circumstances which was first accepted by the firm’s board of directors on Dec. 21, 2023.

Saudi Re has expressed their gratitude to Al-Hesni’s contributions to the firm.

“We would like to express our heartfelt gratitude to Mr. Fahad Al-Hesni, the former MD/CEO, for his tremendous contributions during his tenure with the company, and we wish him the best of luck in his future ventures,” it said.

Al-Jabr currently holds the position of deputy CEO and has more than 25 years of experience in the insurance and reinsurance sector. He held a host of executive roles ahead of joining Saudi Re in 2011, including as general manager of strategy management in Tawuniya. He also holds an MBA degree from Bradford University in the UK.

Al-Jabr’s appointment will take into effect on April 1, 2024. An announcement has been made via the Saudi exchange.

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