Kingdom of Saudi Arabia – Saudi Central Bank (SAMA)

Kingdom of Saudi Arabia – Saudi Arabian Monetary Authority – Insurance Corporate Governance Regulation – April 2003. Covering:

Part 1: Introduction

Part 2: General Provisions

Part 3: Specific Provisions

Section 1: Shareholders

Section 2: Board of Directors

Chairman of the Board

Members of the Board

Secretary of the Board

Section 3: Board’s Committees

Executive Committee

Nomination and Remuneration Committee

Audit Committee

Risk Management Committee

Investment Committee

Section 4: Control Functions

Risk Management Function

Internal Audit Function

Compliance Function

Section 5: Appointed Actuary

Section 6: Senior Management