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Board of Directors Election Invitation 2019

Board of Directors Election Invitation 2019

Announcement on the Opening of Nomination for Membership of the Board of Directors

The Board of Directors ofNational Takaful Company PJSC – Watania is pleased to inform theShareholders that the door for nominations for the membership of the Company’s Board of Directors will be opened during the period from Monday 11/3/2019 to Wednesday 20/3/2019, any shareholder/ person who wishes to nominate himself/herself to the Board of Directors membership and meets the conditions for nomination to the Board of Directors membership may apply to the Company’s Management at the Company’s Head Office located in Al Jazira Sports Club Tower A, 4th Floor,Abu Dhabi.Theapplicationmustencloseabrief resume of theapplicantand the membership type heisnominatingfor (i.e.Executive, Non-Executive or IndependentMember)

General Conditions:

1. The number of members tobeelected tothe Board of Directors istwo members.

2. The door for nominations forthe Board membership shall remain opened for (10) days from the date of this announcement in accordance with therequirements of the Article (40) of the Resolution of the Chairman of theSecuritiesand CommoditiesAuthority’s No. (7 R.M) of 2016

3. Concerning“TheStandards of Institutional Disciplineand Governance of PublicShareholding

4. Companies”.

5. Acandidatefor the Board membership must satisfy the conditions set forth in the Federal Law No. (2) of 2015 concerning Commercial Companiesand the Resolution of the Chairman of the Securities and Commodities Authority’s No. (7 R.M) of 2016 Concerning “The Standards of Institutional Disciplineand Governance of PublicShareholding Companies”.

6. Attach to the application the documents referred to in Article (41) of the Resolution of the Chairman of the Securities and Commodities Authority’s No. (7 R.M) of 2016 Concerning “The Standards of Institutional Discipline and Governance of Public Shareholding Companies”, as following:

  • His/her CV including workexperience, qualifications, and the Boardseatapplied for (Executive, Non-Executive, Independent).
  • An undertaking to comply with the provisions of the Companies Law and its Executive Resolutions and the Company’s Articles of Association and exert careful effortsatwork.
  • A statement of the names ofcompanies and corporations where s/heworks for or isa member ofwhose Boards of Directors as well as any other works the candidate performs directly or indirectly that involves competition against thecompany.
  • In case of the corporate representatives, an official letter fromsuch corporate shall be submitted, containing names of his/her nominees for Boardmembership.

7. After the door for nomination isclosed, thecandidate may notrelinquish hiscandidature to another person.

8. Thecompanyshall post the names ofcandidatesand their information related to the nomination

9. on the bulletin board inits main officeand on its website (www.watania.ae) on 20/3/2019.

10. After thedoor fornomination isclosed, thelistofthenames ofcandidates shall be provided toSCA andADX

Board of Directors

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