Arabia Insurance Cooperative Co. announces the opening of the nomination period for the board of director’s membership

The Company invites shareholders and candidates interested in nomination who satisfy the terms, conditions, and qualifications stipulated in the "Policy, Criteria, and Procedures for Membership of the Board of Directors" approved by the General Assembly to submit their applications. Candidates must ensure compliance with all relevant laws, regulations, and directives, including the Companies Law, the Corporate Governance Regulations issued by the Capital Market Authority, the Insurance Companies Governance Regulations issued by the Insurance Authority, and the Requirements for Appointment to Leadership Positions in Insurance Companies, in addition to the provisions of all relevant regulations. Applications must be submitted to the Nomination and Remuneration Committee.

The members of the Board of Directors will be elected from among the candidates who satisfy the requirements during the Company's General Assembly Meeting. The date of the meeting will be announced at a later time after obtaining the necessary approvals from the competent authorities, God willing.

Arabia Insurance Cooperative Company Nomination and Remuneration Committee

P.O. Box 286555 Riyadh 11323 – Wasel Service 7110 King Abdulaziz Branch Road, Al Wurud District, Unit No. 6, Riyadh 12252 – 4453, Kingdom of Saudi Arabia.

Telephone: (0112153360).

1. Completing the nomination application form in full (attached) and attaching the supporting documents.

2. Completing the Fit and Proper form issued by the Insurance Authority (attached) and providing the Company with a complete signed copy in PDF format and an electronic copy in Word format identical to the signed version. The candidate may also obtain the "Fit and Proper Form" from the Insurance Authority website https://www.ia.gov.sa/apply-for-licenses

3. Completing the candidate's CV form - Form No. (3) issued by the Capital Market Authority (attached), and providing the Company with a complete signed copy in PDF format and an electronic copy in Word format identical to the signed version. The candidate may also obtain the form from the Capital Market Authority website https://cma.gov.sa/RulesRegulations/FormsSite/Pages/default.aspx .

4. Completing CV Form No. (1) in both Arabic and English (attached).

5. Providing an official non-objection letter issued by the candidate's employer addressed to the Company stating its approval of the nomination request, for those working in the government sector.

6. Any additional documents or data requested by the Company or regulatory authorities.