1)

In order for a Senior Employee to be appointed, such senior employee must fulfil the same conditions set forth in Article (15) above, in addition to the fulfillment of the qualifications, efficiency and expertise requirements necessary for carrying out insurance operations. The Company shall provide the CBUAE with a detailed statement containing the academic qualifications, practical experience and documents supporting the above.

2)

The Board shall issue a resolution defining the academic qualifications, the practical experience and the documents referred to in Clause (1) above.