| Introduction | With reference to the announcement made by Liva Insurance Co. (“Liva”) on the Saudi Exchange on 18/02/1446H (corresponding to 22/08/2024G) regarding signing a non-binding memorandum of understanding with Malath Cooperative Insurance Co. (“Malath”) to evaluate a potential merger between the two companies (the “MOU”), and the subsequent development announcement on 05/03/1446H (corresponding to 08/09/2024G) regarding the appointment of the financial adviser, and the subsequent development announcement on 16/05/1446H (corresponding to 18/11/2024G) regarding the issuance of the non-objection of the General Authority for Competition on the completion of the economic concentration resulting from the potential merger, and the subsequent development announcement on 01/06/1446H (corresponding to 02/12/2024G) regarding the initial merger’s structure, and the subsequent development announcement on 27/02/1447H (corresponding to 21/08/2025G) to extend the MOU, Liva announces that it has agreed with Malath on 04/09/1447H (corresponding to 21/02/2026G) to extend the MOU for an additional month until 23/03/2026G (expected to correspond to 04/10/1447H), under the same previous terms and condition. |
| Previous Announcement | Liva and Malath’s entry into the MOU and its subsequent developments including the appointment of the financial adviser, the GAC non-objection, the initial agreement on the structure, and the MOU extension. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-08-21 Corresponding to 1447-02-27 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Extending the MOU with Malath for an additional month until 23/03/2026G (expected to correspond to 04/10/1447H), under the same previous terms and condition. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable. |
| Delay consequences on the Company’s financial results | Not applicable. |