Gulf Bank KSCP

###### I. Board Compliance and Governance Committee

a. Committee's Scope of Activity

The Board Compliance and Governance Committee (BCGC) is in charge of overseeing the overall structure of Corporate Governance in the Bank and ensuring compliance with relevant CBK Corporate Governance instructions. By implementing and monitoring processes to report any conflict of interest and related party transactions, the Committee ensures that depositors' and shareholders' interests are protected, and shareholders' obligations are met, while also taking into account the interests of other stakeholders.

###### b. Composition of the Committee

- Mr. Bader AlKharafi Committee Chairman

- Dr. Abdulrahman Al Taweel, Committee Deputy Chairman

- Mrs. Reem Al Saleh, Committee Member

- Mr. Dari Al Bader, Committee Secretary

###### c. Committee Meetings

The Board Compliance and Governance Committee convenes not less than twice per year. Consist of three nonexecutive members (including Independent Member) selected by Board of Directors. The presence of two members

###### Corporate Governance

d. Key Achievements in 2024

- Assisted the Board oversee the implementation of the Group's Corporate Governance.

- Monitored the implementation of governance-related the policies and procedures.

- Reviewed and approved the Annual Compliance Testing Plan for Y2024.

- Reviewed the approved the Annual Corporate Governance Report.

- Reviewed the monitoring and reporting process under the Whistleblowing policy.

- Reviewed and approved the GM-Corporate Affairs Balanced Scorecard for Y2025 & evaluated his annual performance for Y2024.

- Followed up on the Central Bank of Kuwait's instructions and directives regarding Sustainable Financing, ensuring that the Bank complied.

- Reviewed and approved the Environmental, Social and Governance (ESG) Policy, ESG Structure and ESG 2030 Strategy, and made recommendations to the Board for approval.

Gulf Bank's oversight of its ESG Strategy places the Board of Directors at the helm, overseeing the alignment of ESG commitments with the Bank's overall corporate strategy and long-term directions. [...] Responsibility for ESG monitoring and reporting has been delegated to Corporate Communication, overseen by the Board Compliance and Governance Committee (BCGC). This delegation emphasizes Gulf Bank's comprehensive approach to sustainability initiatives throughout its operations. [...] The Board Compliance and Governance Committee (BCGC) has been entrusted with overseeing ESG initiatives across the Bank, with ESG monitoring and reporting duties allocated to the Sustainability Unit, alongside broader sustainability efforts. Aligning with hierarchy, ESG-related approvals are secured through the BCGC from the Board.