Al Alamiya for Cooperative Insurance Company announced that Mr. Khalid Abdulaziz Alhamdan has submitted his resignation on November 27, 2017 from his position of Independent Board member. The Board has approved this resignation on November 27, 2017 and it will take effect from November 27, 2017. The resignation of Mr. Khalid Abdulaziz Alhamdan is due to personal reasons. The Board of Directors has also issued a Board resolution by circulation on November 27, 2017 including the appointment of Dr. Saleh Hamad Alshinifi as an Independent Board Member starting from November 27, 2017 to replace Mr. Khalid Abdulaziz Alhamdan. Dr. Saleh Hamad Alshinifi is a Saudi National who held number of leading positions as a board and audit committee member in a number of major companies and Saudi banks. In addition, he has been a board member in various professional accounting and auditing bodies in Saudi Arabia. The Board Decision is not considered as final and this appointment will be presented to the next Shareholders General Assembly for approval.