Malath Cooperative Insurance Company announces the decision of its Board of Directors on its meeting which held on Thursday 25-09-1443 corresponding to 26-04-2022, which includes the appointment of the Chairman, Vice-chairman, Managing Director and the formation of committees, After obtaining SAMA Non-objection on 23-04-1444 corresponding to 17-11-2022 as follows:

Appoint Mr.Mohammed Ali Alammari (non-Executive)–as Chairman of the Board of Directors.

Appoint Mr. Bader Ali Alali (non-Executive)–as Vice-Chairman of the Board of Directors.

Appoint Mr. Fawaz Abdulrahman Alhijji (Executive)-as a Managing Director and CEO

for a new term started on 21-04-2022 and ending on 05-04-2025.

Form the Nominations and Remunerations Committee as follows:

-Mr. Muhammad Abdullah Al-Jumaa (Independent)

-Mr. Yasser Rashid Al-Rasheed (Independent)

-Mr. Bader Ali Al-Ali (non-Executive)

Form the Executive Committee as follows:

-Mr. Mohammed Ali Al-Ammari (non-Executive)

-Mr. Fawaz Abdul Rahman Al-Hijji (Executive)

-Mr. Bader Ali Al-Ali (non-Executive)

-Mr. Amr Abdullah bin Shalhoob (Independent)

Form the Investment Committee as follows:

-Mr. Yasser Rashid Al-Rasheed (Independent)

-Mr. Fawaz Abdul Rahman Al-Hajji (Executive)

-Mr. Amr Abdullah bin Shalhoub (Independent)

Form the Risk Committee as follows:

-Mr. Abdul Hamid Abdulaziz Al-Ohali (Independent)

- Mr. Amr Abdullah bin Shalhoub (Independent)

- Mr. Amro Abdel-Razzaq Al-Nimri (Independent)

Noting that during the Ordinary General Assembly Meeting held on 21-04-2022, the formation of the Audit Committee, the definition of its duties, work regulations, and remuneration of its members for the new term of three years, started on 21-04-2022 and ending on

05-04-2025, have been approved. The Audit Committee members are as follows:

- Mr. Amro Abdel-Razzaq Al-Nimri (Independent)

-Mr. Saleh Abdul Rahman Al-Ismael (Independent)

-Mr. Saad Saud Al-Tayyar (Independent)

Mr. Tariq Muhammad Al-Shuqairan (Independent)