Saudi Reinsurance Co”Saudi Re” Announces the Formation of the Audit Committee Members

Saudi Reinsurance Company ”Saudi Re” announces that it has obtained the No Objection from the Saudi Central Bank on 22/06/2023 corresponding to 04/12/1444H on appointing the Chairman and members of the Audit Committee as follows:

1- Abdullah Ali Al Farraj (Chairman of the Committee Independent - Outside the board)

2- Tariq Hamza Zaino (Member – Independent Outside the board)

3- Yanal Mwaffaq Soudi (Member – Independent Outside the board)

4- Kubra Ghulam Radhi ( Member – Independent )

This is based on the Board of Directors resolution on 14/05/2023 until the end of the current term of the Board of Directors on 10/05/2026.

Appointed Member Name: Abdullah Ali Al Farraj

Membership Start Date: 22/06/2023 corresponding to 04/12/1444H

Brief Resume of the Appointed Member:

• 25+ years of experience in the fields of finance, audit, risk management and Insurance.

• Certified Public Accountant (CPA), Certified Public Accountant (SOCPA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA)

• Served in various internal audit and financial management roles in NCB, Malath, Saudi Ground Services and Tawuniya, previously worked as CFO of “Saudi Re” 2011 to 2013

• Currently, EVP in Saudi Public Transportation Company (SAPTCO)

Appointed Member Name: Tariq Hamza Zaino

Membership Start Date: 22/06/2023 corresponding to 04/12/1444H

Brief Resume of the Appointed Member:

• 19+ years of experience in Accounting, Tax and Zakat field.

• Certified Public Accountant (SOCPA)

• Served in various roles in Ernest & Young, CMA and Zakat, Tax and Customs Authority.

Appointed Member Name: Yanal Mwaffaq Soudi

Membership Start Date: 22/06/2023 corresponding to 04/12/1444H

Brief Resume of the Appointed Member:

• 30+ years of experience in audit services, risk management and corporate governance – mainly, in Saudi Arabia

• Served as Senior Partner in the Assurance practice of Ernst & Young.

• Member of the Board of Directors, Chairman and member of the Audit Committee of several companies.

Appointed Member Name: Kubra Ghulam Radhi

Membership Start Date: 22/06/2023 corresponding to 04/12/1444H

Brief Resume of the Appointed Member:

• 30+ years of experience in the banking, financial institutions and risk management.

• Certified Public Accountant (CPA) and Basel II Certified Professional.

• Board Member at Tasheel Finance Co. (KSA) and Chairperson of the Credit and Risk Management committee.

• Board Member at Procco Financial Services Co. (Bahrain), and Chairperson of the Audit Committee.

Date of Board Meeting in which Appointed New Member(s) were Appointed:

14/05/2023 Corresponding to 24/10/1444 H