| Element List | Explanation |
|---|---|
| Announcement Detail | Wataniya Insurance Company announces that it has received the Insurance Authority’s non-objection letter on 05/03/1447 AH corresponding to 28/08/2025 AD for the following: |
1- Appointment of the Chairman and Vice Chairman, as follows:
Dr. Hussien Akeil – Chairman of the Board.
Mr. Faisal Charara – Vice Chairman of the Board.
2- Formation of the Executive Committee, as follows:
Mr. Faisal Charara – Chairman (Non-Executive)
Mr. Haitham Albakree – Member (Executive)
Mr. Murtaza Quettawala – Member (Executive)
Mr. Sohail Abbas – Member (Executive)
Mr. Peter Choueiri – Independent Member
3- Formation of the Remuneration and Nomination Committee, as follows:
Mr. Sami Alhalabi – Independent Chairman
Mr. Raed Sater – Independent Member
Mr. Faisal Charara – Member (Non-Executive)
4- Formation of the Investment Committee, as follows:
Mr. Faisal Badran – Independent Chairman
Mr. Bernd Van Linder – Independent Member
Mr. Haitham Albakree – Member (Executive)
5- Formation of the Risk Management Committee, as follows:
Mr. Amin Afifi – Chairman (Non-Executive)
Mr. Nedhal Radwan – Independent Member
Mr. Omar Hashim – Independent Member
6- Formation of the Audit Committee as follows:
Mr. Asim Alhattami – Independent Chairman
Mr. Omar Hashim – Independent Member
Mr. Shirish Bhide – Independent Member
7- Appointment of Senior Management and Board Secretary, as follows:
Ms. Nada AlMalki – Board Secretary
Mr. Haitham Albakree – Managing Director & CEO
The Capital Market Authority and Saudi 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.