Riyadh: 23.6.2021

The Company for Cooperative Insurance (Tawuniya) announced the appointment of Dr. Ammr K. Kurdi as Chief Financial Officer (CFO). This step aims to empower the national competencies and hire the best Saudi talents at all administrative levels to achieve the company’s strategic goals and develop its financial and administrative performance.

Dr. Ammr represents an added value for Tawuniya as he has more than 15 years of experience in financial services industry through holding multiple management and executive roles within prestigious organizations.

Prior to joining Tawuniya, Dr. Kurdi held the role of Chief Corporate Services Officer at Saudi Arabian Industrial Investment Company (DUSSUR), which is a join venture between Saudi Arabian Public Investment Fund (PIF), Saudi Aramco and Saudi Basic Industries Corporation (SABIC). Prior to that, he was the Chief Financial Officer at Saudi Arabian Amiantit Company, and the Chief Audit Executive for King Fahd University of Petroleum and Minerals (KFUPM).

Furthermore, Dr. Kurdi is currently an Audit Committee Member at Saudi Telecom Company (STC), Saudi Electricity Company (SEC), National Agricultural Development Company (NADEC) and the General Authority for Military Industries (GAMI).

On this occasion, Tawuniya’s CEO Abdulaziz Al-Boug expressed his pleasure on appointing Dr. Kurdi in this role as he has a long experience in the financial management and high academic qualifications. Dr. Kurdi holds his PhD in Accounting from the University of North Texas, USA, a Master of Accounting Degree from the University of Arizona, and Bachelors’ of Science Degree in Accounting from KFUPM. He is also a Certified Management Accountant (CMA).

“Tawuniya is going forward in increasing its investments to develop the Saudi workforce and improve their skills. The company succeeded in raising the Saudization rate by more than 84% of the total workforce and 95% percent of the leadership role. Tawuniya still continues in implementing its policies to empower the Saudi women and raised the female employment rate by more than25% of the total workforce. During the recent period, the female employment rate in Tawuniya witnessed a significant growth, from 26% of the total new employees in 2015 to 53% in 2020,” Al-Boug said.