Element List	Explanation
Introduction	Walaa Cooperative Insurance Company announces the Board of Directors resolution to form the Audit Committee for the term that began on May 26, 2025, for a period of three years.

Element List	Explanation
Appointed Member Name	Mr. Bashar Abdulaziz Abalkhail Chairman of the Audit Committee (Board Member, Independent)
Membership Start Date	2025-07-16 Corresponding to 1447-01-21
Brief Resume of the Appointed Member	Mr. Bashar Abdulaziz Abalkhail has extensive experience in the field of insurance, which began in 2006 at the Saudi Central Bank – Insurance department, and has since extended into insurance, business development, and other areas. Mr. Bashar Abalkhail holds a Bachelor’s degree in Financial Management as well as a Master’s degree in Business Administration.
The date of the approval by other official authorities	16/07/2025

Element List	Explanation
Appointed Member Name	Mr. Yasir Saud Alshalan Member of the Audit Committee (Independent Member from outside the Board)
Membership Start Date	2025-07-16 Corresponding to 1447-01-21
Brief Resume of the Appointed Member	Mr. Yasser bin Saud Al-Shalaan has experience in the fields of management and business, he held several positions in internal auditing, including memberships on audit committees for some companies. Mr. Yasser holds a Bachelor’s degree in Science in addition to other courses in management and internal auditing.
The date of the approval by other official authorities	16/07/2025

Element List	Explanation
Appointed Member Name	Mr. Khalid Mohammed AlEid Member of the Audit Committee (Independent Member from outside the Board)
Membership Start Date	2025-07-16 Corresponding to 1447-01-21
Brief Resume of the Appointed Member	Mr. Khalid bin Mohammed Al-Eid has experience in the field of internal auditing. He holds a Bachelor’s degree in Accounting as well as the Fellowship of the Saudi Organization for Certified Public Accountants (SOCPA).
The date of the approval by other official authorities	16/07/2025

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2025-06-22 Corresponding to 1446-12-26