On July 30, 2026, Malath Cooperative Insurance Company announced that its Board of Directors, pursuant to a resolution dated July 9, 2026, has appointed Mr. Hamad Fahad Al-Malik as an Independent Member of the Board of Directors to fill a vacant seat for the remainder of the current board term ending June 16, 2028. The appointment took effect on July 29, 2026, following the receipt of no-objection approval from the Insurance Authority. Mr. Al-Malik brings professional expertise in Human Resources, currently serving as Acting Head of the Human Capital Department and Head of the Talent Acquisition Section at a Public Investment Fund company, and holds a Bachelor of Science in Business Administration from Chapman University along with a CIPD Diploma in Human Resources Practice. The board appointment remains subject to ratification at the company's next General Assembly.

Original announcement:

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