Al Moammar Information Systems Co. Announces an update on Announcement by Al Moammar Information Systems Company (MIS) Regarding the Board of Directors’ Approval to Acquire a 15% Stake in “Eltizam” Insurance Platform, with a Total Value of SAR 19,500,000

Element List	Explanation
Introduction	With reference to the announcement of Al Moammar Information Systems Company (“MIS” or the “Company”) published on the Saudi Exchange (Tadawul) on 07/05/1447H (corresponding to 29/10/2025G) regarding the Board of Directors’ approval to acquire a 15% stake in the “Eltizam” insurance platform for a total value of SAR 19,500,000, the Company is pleased to announce the latest developments related to the above-mentioned matter, represented by the completion of the closing requirements and obtaining the approval of the Insurance Authority and the relevant regulatory authorities.
Previous Announcement	Announcement by Al Moammar Information Systems Company (MIS) Regarding the Board of Directors’ Approval to Acquire a 15% Stake in “Eltizam” Insurance Platform, with a Total Value of SAR 19,500,000
Date of Previous Announcement on Saudi Exchange’s Website	2025-10-29 Corresponding to 1447-05-07
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	completion of the closing requirements and obtaining the approval of the Insurance Authority and the relevant regulatory authorities.
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
Additional Information	The regulatory procedures were completed on Thursday, 14/05/2026G.