The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company announced its board of directors resolution on 01/12/2020 of appointing a Vice Chairman and appointing a Governance Committee Chairman until the end of the current Board session, which ends on 07/04/2021 after obtaining the Saudi Central Bank's no objection to this appointment, as follows: Appointing Eng. Raad Bin Ghaith Al-Barakati (a non-executive board member) as Board of Directors Vice Chairman; and Appointing Dr. Ahmed bin Ahmed (Board Member) as a Governance committee chairman.