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Element List	Explanation
Introduction	With reference to the results of the Extraordinary General Assembly meeting of the Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF), held on Thursday 01/05/1447H corresponding to 23/10/2025G, which included the approval of the appointment of the candidates nominated by Buruj Company, Mr. Yaser Yousef Naghi and Mr. Ziad Bassam Mohammed Al Bassam, to the new seats on the Company’s Board of Directors, subject to obtaining the approval of the Insurance Authority, for the current Board term commencing on 08/05/2025G and ending on 07/05/2028G. The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) would like to announce that it has received the non-objection of the Insurance Authority dated 29/05/1447 H corresponding to 20/11/2025 G, which includes the approval to appoint the Chairman and Vice Chairman of the Board of Directors as follows: 1. Appointment of Mr. Yaser Yousef Naghi (Non-Executive Member) as Chairman of the Board of Directors. 2. Appointment of Mr. Rakan Abdullah Abunayyan (Non-Executive Member) as Vice Chairman of the Board of Directors.

Element List

Explanation

Introduction

With reference to the results of the Extraordinary General Assembly meeting of the Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF), held on Thursday 01/05/1447H corresponding to 23/10/2025G, which included the approval of the appointment of the candidates nominated by Buruj Company, Mr. Yaser Yousef Naghi and Mr. Ziad Bassam Mohammed Al Bassam, to the new seats on the Company’s Board of Directors, subject to obtaining the approval of the Insurance Authority, for the current Board term commencing on 08/05/2025G and ending on 07/05/2028G.

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) would like to announce that it has received the non-objection of the Insurance Authority dated 29/05/1447 H corresponding to 20/11/2025 G, which includes the approval to appoint the Chairman and Vice Chairman of the Board of Directors as follows:

1. Appointment of Mr. Yaser Yousef Naghi (Non-Executive Member) as Chairman of the Board of Directors.

2. Appointment of Mr. Rakan Abdullah Abunayyan (Non-Executive Member) as Vice Chairman of the Board of Directors.

Element List	Explanation
Appointed Member Name	Mr. Yasser Youssef Mohammed Naghi
Membership Type	Non- Executive
Membership Start Date	2025-11-20 Corresponding to 1447-05-29
Brief Resume of the Appointed Member	Mr. Yasser Youssef Mohammed Naghi Holds a Bachelor's degree in Business Administration from King Abdulaziz University in Jeddah, with over 35 years of experience in trade, insurance, healthcare, and diversified industries. He is a seasoned executive recognized for his leadership as Chairman of the Board of Buruj Cooperative Insurance Company and his expertise in corporate management and business development.
The date of the approval by other official authorities	2025-11-20

Element List	Explanation
Appointed Member Name	Mr. Rakan Abdullah Abunayyan
Membership Type	Non- Executive
Membership Start Date	2025-11-20 Corresponding to 1447-05-29
Brief Resume of the Appointed Member	Mr. Rakan Abdullah Abunayyan Holds a bachelor’s degree in Accounting from King Saud University in Riyadh and a master’s degree in Financial Management from the University of Illinois. He has over 20 years of professional experience in investment, financial services, insurance, and various industrial sectors. He has held several leadership positions, most notably serving as Chairman of the Board of Investment Capital and MEDGULF Insurance, in addition to serving on the boards of several companies. He is considered one of the seasoned professionals in corporate leadership, investment management, and business development.
The date of the approval by other official authorities	2025-11-20

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2025-11-03 Corresponding to 1447-05-12
Board Approval	The appointment of Mr. Yaser Yousef Naghi as Chairman of the Board, and Mr. Rakan Abdullah Abunayyan as Vice Chairman of the Board, has been approved by the Extraordinary General Assembly, subject to obtaining a no-objection approval from the Insurance Authority.
Additional Information	Not Applicable

The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) announces the appointment of the Chairman of the Board and the Vice Chairman of the Board of Directors.