This is for candidates who meet the conditions and qualifications of membership in accordance with the policies, criteria and procedures for membership in the Board of Directors of the Gulf Union Al Ahlia Cooperative Insurance Company (attached), and in accordance with the provisions and controls of the relevant laws, regulations and circulars, including the Corporate Governance Regulations issued by the Capital Market Authority, The Insurance Companies Governance Regulations issued by the Insurance Authority and the requirements for appointment to leadership positions in the insurance companies, as well as all applicable regulations in this regard.

Nomination applications that meet all requirements, documents and forms necessary shall be sent for the attention of the Secretary of the Board of Directors through one of the following means: -

1- Email (BOD@gulfunion-saudi.com)

2- Or hand it over to the secretary of the board of directors at the company’s head office

3- Or by registered mail to the company's head office

Head Office Address

Gulf Union Al Ahlia Cooperative Insurance Company

Kingdom of Saudi Arabia - Dammam - Al-Khalidiya Al-Janubiyah - Salman Al-Farsi Street - Unit 1,2,3 of Q2 in the Business District

For any further inquiries, please contact the Board Secretary during working hours on the phone number: 8003040077 or 0138358400

1- Ability to lead

2- Competency

3- Ability to guide:

4- Financial knowledge

5- Physical fitness

6- That the person applying for membership in the Board of Directors has not previously been convicted of a crime against honor and honesty, or has been convicted of misconduct in the financial markets or business, or has been judged bankrupt, or is not valid for membership of the Board in accordance with any system or instructions in force in the Kingdom.

7- He should not be a senior executive or member of the board of directors in a company that has been declared bankrupt or liquidated based on a judicial order.

8- The candidate's age shall not be less than 25 Gregorian years with the date of the beginning of the period of the Board for which he is nominated.

9- The candidate must abide by the principles of honesty, trustworthiness, loyalty, care and concern for the interests of the company and shareholders, and prioritizing them over his personal interest.

10- The candidate shall not be a member of the board of directors of more than five joint stock companies listed on the market at the same time at the beginning of the period of the board for which he is nominated or at the time of appointment, whichever is earlier.

11- When nominating for membership in the Board of Directors, the absence of a conflict of interest shall be taken into account, and the candidate shall not be a government employee unless he is a representative of the entity that nominated him.

12- Not to be a member of the board of directors of any of the joint stock companies competing with the company.

13- A member of the company’s board of directors may not be a member of the board of directors of another local insurance and/or Reinsurance Company, or one of its committees, or occupy a leadership position in those companies.

14- That he has the ability to allocate sufficient time to carry out the responsibilities of a member of the Board of Directors.

15- In the case of running as an independent member, the candidate must not have any of the independence affecting issues

Each candidate for membership of the Board of Directors must submit an application for his candidacy (In Arabic and English) to the company during the announced candidacy period, accompanied by the following:

1- Fill out the company's nomination application (attached) addressed to the Nominations and Remunerations Committee and during the specified nomination period, and attach with it the candidate's CV, qualifications and experience in general and in the field of insurance in particular, along with attaching copies of the certificates and qualifications.

2- Fill out the company's nomination form (attached) completely and sign each page.

3- Complete 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

4- Fill out the forms specified by the Capital Market Authority, such as the attached Form No. 3 (CV form for the candidate for membership in the Board of Directors of a Listed Joint Stock Company), which can be obtained from the website of the Capital Market Authority.

5- A statement of the number and dates of the board of directors of joint stock companies and the committees he had a membership and which he still holds membership in, provided that the statement states the following: -

a. The number of Board meetings that took place during each year of the period, the number of meetings attended by the member in person, and the ratio of his attendance to the total meetings.

b. The standing committees in which the member participated, the number of meetings held by each of those committees during each year of the period, the number of meetings he attended, and the ratio of his attendance to the total meetings.

c. Summary of the financial results achieved by the company during each year of the period.

6- If the candidate has previously served as a member of the company’s board of directors, he must attach with the candidacy application a statement from the company’s board of directors’ secretariat about the last period in which he became a board member, including the following information:

a. The number of Board meetings that took place during each year of the period, the number of meetings attended by the member in person, and the ratio of his attendance to the total meetings.

b. The standing committees in which the member participated, the number of meetings held by each of those committees during each year of the period, the number of meetings he attended, and the ratio of his attendance to the total meetings.

c. Summary of the financial results achieved by the company during each year of the period

7- The membership status must be clarified, i.e. whether he is nominated as an independent member, a non-executive member or an executive member.

8- The nature of the membership must be clarified, i.e. whether he is a candidate in his personal capacity or is a representative of a legal person.

9- Attach a clear and valid copy of the national identity, passport and family register for individuals or the commercial register for companies and institutions with the nomination application and the candidate's contact numbers.

10- Any other forms that the company may require or in accordance with the requirements of the bylaws, regulations and related requirements.

For more details, please read the attached policies, criteria and procedures for membership in the Board of Directors of the Gulf Union Al Ahlia Cooperative Insurance Company.