Al Sagr Cooperative Insurance Company announced the Board of Directors Resolution number BOD20231218 dated December 18, 2023 for the appointment of the Chairman and Members of the Audit Committee, where the effective date of the appointment start from the resolution date until the end of the Board of Directors term on November 22, 2026, after receipt of Insurance Authority No-objection dated December 17, 2023. As per the following: Sami Ahmed Albatain (Chairman - Independent Member from the Board of Directors); Moath Sulaiman Alzaid (Member - Independent Member out of the Board of Directors) and Mohammed Ahmed Alkhamis (Member - Independent Member out of the Board of Directors). Mr. Sami bin Ahmed Al-Babtain has distinguished practical experience in the field of internal auditing for about ten years.

He holds a bachelor?s degree in finance from Prince Sultan University in 2013. He also holds several professional certificates related to internal auditing and information security, such as the Certified Information Security Auditor certificate and the Certified Information Security Manager, he currently holds the position of Head of the Internal Audit Department at Al Arabia Contracting services Company. He also has extensive and deep experience in businesses and companies in the financial and banking sectors.

Mr. Moath Solaiman Al-Zaid has distinguished practical experience in internal and financial auditing for about 9 years. He holds a Bachelor?s degree in Accounting from Coventry University, United Kingdom in 2015, and he is Certified Internal Auditor & Certified Governance, Risk Management and Compliance Audit. He is currently Sr. Director Financial and Administration Internal Audit at Expenditure & Projects Efficiency Authority.

He has deep knowledge and experience in the financial and government sectors. Mohammed AlKhamis has outstanding practical experience in the field of auditing for about 15 years, holds a bachelor's degree in accounting from Saudi Electronic University in 2016, and a diploma in accounting from the Institute of Public Administration in 2008. Currently, He is the Head of Internal Audit at the Aircraft Leasing Company (AVILEASE).

He has extensive and deep business and corporate knowledge and experience in various sectors, and has multi-year financial/accounting experience. He has been a member of the Finance Sector Governance Committee of the Central Bank of Saudi Arabia since 2021 until 2023.