Malath Cooperative Insurance Company announces the appointment of the Board Member to assume the vacancy in its board

Element List	Explanation
Introduction	Malath Cooperative Insurance Company announces the Board of Directors’ resolution dated 24/01/1448H corresponding to 09/07/2026, to appoint Mr. HAMAD FAHAD AL-MALIK as an Independent Member of the Board of Directors to fill the vacant seat on the Board for the remainder of the current Board term, which ends on 16/06/2028. This appointment will take effect from the date of obtaining the no-objection approval from the Insurance Authority on 15/02/1448 AH, corresponding to 29/07/2026.

Element List

Explanation

Introduction

Malath Cooperative Insurance Company announces the Board of Directors’ resolution dated 24/01/1448H corresponding to 09/07/2026, to appoint Mr. HAMAD FAHAD AL-MALIK as an Independent Member of the Board of Directors to fill the vacant seat on the Board for the remainder of the current Board term, which ends on 16/06/2028.

This appointment will take effect from the date of obtaining the no-objection approval from the Insurance Authority on 15/02/1448 AH, corresponding to 29/07/2026.

Element List	Explanation
Appointed Member Name	Mr. HAMAD FAHAD AL-MALIK
Membership Type	Independent
Membership Start Date	2026-07-29 Corresponding to 1448-02-15
Brief Resume of the Appointed Member	Mr. Hamad Fahad Almalik has professional experience in Human Resources. He currently holds the positions of Acting head of the Human Capital Department and Head of the Talent Acquisition Section at one of the Public Investment Fund’s companies. He previously held leadership positions in different areas within the Human Resources at several organizations, including the General Secretariat of the Council of Ministers, Diriyah company, and PIF. He also serves as a Board Member of MoneyDo and a member of the Nomination and Remuneration Committee at Malath Cooperative Insurance Company. Academically, Mr. Hamad holds a Bachelor of Science in Business Administration from Chapman University, in addition to a CIPD Diploma in Human Resources Practice.
The date of the approval by other official authorities	15/02/1448H corresponding to 29/07/2026

Element List	Explanation
Date of Board Meeting in which Appointed New Member(s) were Appointed	2026-07-09 Corresponding to 1448-01-24
Board Approval	The board’s approval shall not be deemed final; this appointment of the board member to assume the vacancy will be presented to the first General Assembly for ratification.