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Allied Cooperative Insurance Group Announces Appointment Audit Committee Member

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Introduction Allied Cooperative Insurance Group (ACIG) announces the approval of its Board of Directors pursuant to Board Resolution No. (17/2021) dated 21/10/2021 G to appoint Mr. Saad bin Muhammad Al-Huwaimel as a member of the Audit Committee, starting from the date of the decision until the end of the current Board session, which ends on 17/05/2022 G, and the company received an email from the Saudi Central Bank on 14/07/2021 G, which included the Saudi Central Bank no objection to this appointment, provided that this appointment is presented to the shareholders for a vote at the first meeting of the General Assembly, whose date will be announced Later
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Appointed Member Name Saad Muhammad Al-Huwaimel
Membership Start Date 2021-10-21 Corresponding to 1443-03-15
Brief Resume of the Appointed Member Mr. Saad Muhammad Al-Huwaimel is a member of the training body at the Institute of Public Administration in Riyadh. He has more than twenty years of experience in the field of internal auditing, accounting and governance. He is also currently a member of the Board of Directors of the Saudi Association of Internal Auditors.
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Date of Board Meeting in which Appointed New Member(s) were Appointed 2021-10-21 Corresponding to 1443-03-15
Board Approval Board Approval May not be Deemed Final, this Appointment Shall Be Put before the First General Assembly Meeting for Approval

The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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