Wataniya Insurance Co. Announces the appointment of a Chairman and Vice Chairman of the Board of Directors and the formation of the committees affiliated with the board.

1- Appointment of the Chairman and Vice Chairman, as follows:

Dr. Hussien Akeil – Chairman of the Board.

Mr. Faisal Charara – Vice Chairman of the Board.

2- Formation of the Executive Committee, as follows:

Mr. Faisal Charara – Chairman (Non-Executive)

Mr. Haitham Albakree – Member (Executive)

Mr. Murtaza Quettawala – Member (Executive)

Mr. Sohail Abbas – Member (Executive)

Mr. Peter Choueiri – Independent Member

3- Formation of the Remuneration and Nomination Committee, as follows:

Mr. Sami Alhalabi – Independent Chairman

Mr. Raed Sater – Independent Member

Mr. Faisal Charara – Member (Non-Executive)

4- Formation of the Investment Committee, as follows:

Mr. Faisal Badran – Independent Chairman

Mr. Bernd Van Linder – Independent Member

Mr. Haitham Albakree – Member (Executive)

5- Formation of the Risk Management Committee, as follows:

Mr. Amin Afifi – Chairman (Non-Executive)

Mr. Nedhal Radwan – Independent Member

Mr. Omar Hashim – Independent Member

6- Formation of the Audit Committee as follows:

Mr. Asim Alhattami – Independent Chairman

Mr. Omar Hashim – Independent Member

Mr. Shirish Bhide – Independent Member

7- Appointment of Senior Management and Board Secretary, as follows:

Ms. Nada AlMalki – Board Secretary

Mr. Haitham Albakree – Managing Director & CEO