Arabian Shield Cooperative Insurance Company announced that, based on the resolution of the Board of Directors on September 18, 2022, that the company has received a non-objection letter from the Saudi Central Bank (SAMA) through email on November 6, 2022 corresponding to 12/04/1444H the approval for the appointment of the Chairman and Vice Chairman of the Board of Directors and the formation of Board Committees for the new term starting from September 11, 2022, to September 10, 2025, as follows: HH. Prince Nayef Bin Sultan Bin Mohammed Bin Saud AlKabeer - Chairman and Mr. Sameer Alwazzan - Vice Chairman. Executive Committee: Mr. Sameer Alwazzan - Executive Committee Chairman, Mr. Raid AlSeif - Executive Committee Member, Mr. Saud Bajbair - Executive Committee Member, and Mr. Salman Alsudairy - Executive Committee Member.

Investment Committee: Mr. Raid AlSeif - Investment Committee Chairman, Mr. Salman Alsudairy - Investment Committee Member, and Mr. Abdullah Al Meshal - Investment Committee Member. Nominations and Remunerations Committee: Mr. Mohammed A. Bin Ali - Nominations and Remunerations Committee Chairman, Mr.Taha Azhari - Nominations and Remunerations Committee Member, and Mr. Sameer Alwazzan - Nominations and Remunerations Committee Member. Risk Committee: Mr. Saud Bajbair - Risk Committee Chairman, Mr.Taha Azhari - Risk Committee Member, and Mr. Turki AlMutawa - Risk Committee Member.

It should be noted that the formation of the Audit Committee, defining its tasks, work controls, and remuneration of its members for the new term, which begins on September 11, 2022, for a period of three years ending on September 10, 2025, was approved during the General Assembly meeting held on September 11, 2022, as follows: Mohammed Bin Ali - Audit Committee Chairman, Fahad AlKahtani- Audit Committee Member, andLoutfi Echhade - Audit Committee Member.