The Company for Cooperative Insurance announces the opening of the nomination period for the board of director’s membership

Accordingly, the Company hereby invites interested Candidate to nominate themselves, who meet the conditions and qualifications stipulated in the Company’s Nomination Policy for Membership of the Board of Directors (attached), and in compliance with all relevant laws, regulations, and instructions, including the Companies Law issued by the Ministry of Commerce, the Corporate Governance Regulations issued by the Capital Market Authority, the Corporate Governance Regulations for Insurance Companies issued by the Insurance Authority, as well as the requirements relating to the appointment of individuals in leadership positions in insurance companies, in addition to all other applicable rules and regulations.

The nominated members will be elected at the Company’s General Assembly Meeting, the date of which will be announced after securing the required approvals from the relevant authorities.

1. During official business hours at Tawuniya Insurance HQ – 6507 Ath Thumamah Rd - Al Rabie Dist., Unit no.55-Riyadh 13315-3445, Building (2).

2. Or, through email address Board_Affairs@tawuniya.com. The original documents should be sent to the Company’s address above.

For further inquiries, please contact us during official working hours (8:00 AM-4:00 PM) on telephone no. 0112525800Ext: (6261) or Ext:(5915).

1. The candidate should have sufficient experience, honesty and high managerial skills that contribute to enhancing the Company's leading role.

2. The candidate should not be a member of a board of directors, a member of a board sub-committee, or occupy any of the leading positions in another Saudi insurance and/or reinsurance company.

3. Obtaining non-objection from the insurance Authority’s non-objection for the candidate’s membership.

4. The candidate should not have previously been convicted of a crime against honor or trust.

5. The candidate must not be a government employee, unless he/she is a representative of a government entity, companies established by the State, or people of public legal status. (attach a No Objection Letter from his\her employer).

6. The candidate should not be insolvent or bankrupt.

7. The candidate must not have engaged in illegal behavior in financial markets or business.

8. The candidate must not be a member of more than five joint stock companies listed in Saudi market.

9. The candidate has suitable educational and practical experience.

10. The candidate must be in compliance with the provisions of the applicable rules, regulations and instructions.

11. The candidate has enough time to work.

For more details, please refer to the Nomination Policy for Membership of the Board of Directors (attached).

Nomination Requirements:

1. Completing and signing the nomination form (attached).

2. Resume, qualifications and previous and current experience.

3. Attach a copy of a no-objection letter issued by the candidate’s employer for the nomination request (for employees in the governmental sector)

4. Provide a clear copy of the passport, national ID card\resident ID and family card for Saudis and their family members.

5. Fill out the Fit & Proper form issued by the Insurance Authority (attached) and provide the company with a complete and signed copy in the nomination application (PDF) and an electronic copy in (Word) format identical to the signed copy. The candidate can obtain the form “(Fit & Proper Form”) from the website of The Insurance Authority " https://www.ia.gov.sa/apply-for-licenses ".

6. Fill out the Form (3) - Candidate CV Form - issued by Capital Market Authority (attached) and provide the company with a complete and signed copy in the nomination application (PDF) and an electronic copy in (Word) format identical to the signed copy, the candidate can obtain the form from the website of the Capital Market Authority " https://cma.gov.sa/RulesRegulations/FormsSite/Pages/default.aspx ".

The Nominations and Remunerations Committee conducts a comprehensive review of all submitted applications and evaluates them fairly considering the criteria set out in these policies and procedures.