Opening of Board Membership Nominations for the Upcoming Board Term

Wataniya Insurance Company Announces Opening of Board Membership Nominations for the Upcoming Board Term

Wataniya Insurance Company announces the opening of nominations for membership in the Board of Directors for the next three-year term beginning on April 26, 2025, and ending on April 25, 2028. This opportunity is for those who meet the conditions and qualifications for membership as outlined in the Board Membership Selection Criteria Policy. The process will comply with relevant laws, regulations, and guidelines, including the Companies Law issued by the Ministry of Commerce, Corporate Governance Regulations issued by the Capital Market Authority, Insurance Companies Governance Regulations issued by the Insurance Authority, and the requirements for appointment to leadership positions.

Interested candidates are required to submit their applications within the specified period detailed in this announcement. The nominated members will be elected during the company’s General Assembly meeting, the date of which will be announced later, pending necessary approvals from relevant authorities.

Important Dates:

• Nomination Start Date: December 1, 2024
• Nomination End Date: December 30, 2024
• Term Start Date: April 26, 2025
• Term End Date: April 25, 2028

Application Submission Process:

Those wishing to nominate themselves for membership with the company’s Board of Directors are requested to submit a candidacy application to the company by sending the original nomination applications, their attachments, and the required forms to the Investor Relations Department at the company’s headquarters at the following address:

• Address: 8530 Madina Road – Alandalus District 4321 Jeddah 23325
• PO Box: 5832 Jeddah 21432

• Email: investorsrelations@wataniya.com.sa

In case of inquiries, please contact the Secretary of the Board of Directors during official business hours at: +966 0122729915.

Required Documents:

1. Fit and proper form issued by the Insurance Authority (available on their website).
2. Fill out Form No. (3) issued by the Capital Market Authority (available on their website).
3. Submitting an application for Board Membership.
4. Submit an updated CV and copies of qualifications and certificates.
5. A list of companies or institutions managed or owned during each year of membership.
6. A clear copy of:
   • National ID, family card, and passport for Saudis.
   • Passport and Iqama for non-Saudis (if available).
   • Commercial registration of companies and institutions.
   • Candidate's contact numbers.
7. A list of joint-stock companies where the candidate has been a member of the Board of Directors and committees.
8. A Board member of the company cannot be a member of another insurance or reinsurance company.
9. A Board member cannot hold membership in more than five joint-stock companies simultaneously.
10. The candidate who previously served as a Board member must submit:
    • The number of Board meetings, the number attended, and the attendance percentage.
    • Permanent committees participated in and their meeting frequency.
    • A summary of financial results achieved during the term.
11. Candidates previously holding positions in liquidated companies or dismissed from others require prior approval from the Insurance Authority.