BOARD MEMBERS’ SHARES TRANSACTIONS/
DEALINGS DURING 2022 (INCLUDING FIRST DEGREE RELATION)

POLICY FOR SECURITIES ISSUED BY GULF NAVIGATION HOLDING (INSIDER TRADING)

At GULFNAV, there are set of guidelines for Board Members and employees with respect to transactions in GULFNAV shares as well as securities of the parent company, subsidiaries and associate companies (where applicable). This policy is reviewed periodically as part of Company’s Corporate Governance Manual and revised in accordance with the latest/updated versions of the SCA’s “Regulations as to Disclosure and Transparency” (where applicable). As per the policy, an employee who is familiar with the important, confidential/ undisclosed information which may have an impact on the market share price has been classified under the category of “Restricted Person”. Accordingly, Board Members and Company employees are not allowed to trade in GULFNAV securities during blackout period (or restricted period) as defined by the SCA rules and regulations.

The Company has formed a committee with senior management employees to review and monitor the insiders’ shares trading (of board members and employees) on a periodic basis. The Committee comprises of three members:

• Mr. Abdulrahman Al Afifi – Chairman
• Mr. Yazan S. Maragha – Board Secretary – Member
• Mr. Nader Muqbel – Director of Investor Relations & Corporate Communications – Member

• Maintenance and regular updating of a statutory register of insiders.
• Formally informs the insiders of the relevant closed periods to ensure that no trading is done by them during those periods.
• Obtains signed declaration from the insiders and the other staff on their Company share trading activities.

BOARD OF DIRECTORS’ DEALINGS/TRANSACTIONS IN THE COMPANY SECURITIES

Board members are required to disclose their shares trading activities (including first degree relations) on an annual basis, through a pre-defined template/form. During the year 2022, GULFNAV securities transactions of each board members (and their first degree relative) were as follows:

Name of Board Member	Position/ Relationship	Total No. of shares Purchased	Total No. of shares Sold	No. of Shares Held as at 31st Dec 2022
H.H. Sheikh Theyab Bin Tahnoon Bin Mohammad Al Nahyan	Chairman of the Board	N/A	N/A	N/A
Eng. Abdulla Subhi Atatreh	Vice Chairman	N/A	N/A	6,810,000
Mr. Ahmad Kilani	Board Member	N/A	N/A	7,500,000
Dr. Abdul Rahman Al Afifi	Board Member	N/A	N/A	N/A
Dr. Abdulaziz Fahad H. Alongary	Board Member	N/A	N/A	N/A
Ms. Manwa Ala Al Brich	Board Member	N/A	N/A	N/A
Mr. Omar Saeed Alromaithi	Board Member	N/A	N/A	N/A
MEMBERS (AS AT APRIL 28, 2022)
Mr. Mohamed Alhammadi Mr. Mohamed Alhammadi’s board membership ended in April 28, 2022.	Board Member	N/A	N/A	N/A