GIG announces retirement of Group CEO, Khaled Saoud Al Hasan

Gulf Insurance Group (GIG), one of the leading insurance groups in the Middle East and North Africa (MENA), announced that its Board of Directors has accepted the retirement request of Mr. Khaled Saoud Al Hasan from his position as Group Chief Executive Officer, marking the conclusion of half-century of dedicated service that transformed GIG into a regional insurance powerhouse.

The Board of Directors, management team and the entire GIG family express their profound gratitude for Al Hasan's extraordinary service, dedication and leadership over the past 50 years. His impact on the organization and the industry is immeasurable, and his leadership and mentorship will be cherished and remembered for generations to come.

Bijan Khosrowshahi, GIG Group Chairman said: 

“Mr. Al Hasan's remarkable journey with GIG spans over 50 years of unwavering commitment, visionary leadership and transformational achievements. From very modest beginnings in Kuwait to contribution to building one of the largest and most successful insurance companies across MENA, his tenure represents an unparalleled legacy of excellence, innovation and human-centered leadership that has shaped the insurance industry across the region.”

Under Al Hasan's leadership, GIG evolved from a Kuwait-based company into a regional insurance powerhouse with operations spanning 12 markets across MENA, serving more than 3.5 million customers. His clear vision, strategic acumen and unwavering commitment to excellence guided the Group through both prosperous times and challenging periods, consistently steering the organization toward sustained growth and market leadership.

While retiring from his executive role, Al Hasan will continue his invaluable involvement as Vice Chairman on the Group and GIG – Kuwait Boards, providing strategic guidance and advisory support to the organization he has built and nurtured over five decades.

GIG’s executive management will continue to assume responsibilities of the CEO during this period as delegated by the Board of Directors.