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Lockton Expands into Saudi Arabia, Appoints Retail CEO
Lockton, a leading independent insurance brokerage, has expanded its operations into Saudi Arabia. This move is part of Lockton's strategy to strengthen its presence in the Middle East to meet rising client demands. The expansion acknowledges Saudi Arabia's growing economic importance and increasing demand in sectors like construction, energy, healthcare, and financial services.
The new Saudi Arabian retail operation launches with a team of 20 specialists. To lead these efforts, Lockton has appointed Mohammad Al Abdul Jabbar as CEO. With over two decades of experience in insurance, Al Abdul Jabbar is poised to lead Lockton's growth in the region.
Faris Khatib, Lockton's CEO for Middle East and North Africa, emphasized the strategic importance of Saudi Arabia for the company. Chris Brown, CEO of Lockton International, expressed excitement about the expansion, highlighting the alignment of Al Abdul Jabbar's expertise with Lockton's client-focused values.
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