Arab National Bank announced signing Bancassurance Distribution agreement with Walaa Cooperative Insurance Company (Related Party) on 30/04/1442H, correspondent to15/12/2020G after receiving the approval letter number (42024455) from Saudi Central Bank “SAMA” on Wednesday 01/12/2020 (Corresponding to 16/04/1442). The Board of Directors Mr. Hesham Abdullatif Al-Jabr has a direct interest in the agreement as he is the representative of the Arab National Bank in the board of directors of Walaa Cooperative Insurance Company. The Bank hereby confirms that no preferential treatment was given on these policies and they are within the usual course of business activity of the Bank.