Element List	Explanation
Introduction	With reference to the announcement made by Malath Cooperative Insurance Co. (“Malath”) on the Saudi Exchange on 18/02/1446H (corresponding to 22/08/2024G) regarding signing a non-binding memorandum of understanding with Liva Insurance Co. (“Liva”) to evaluate a potential merger between the two companies (the “MOU” and the merger the “Proposed Merger”), 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) regarding the extension of the MOU for an additional six months, and the subsequent development announcement on 06/09/1447H (corresponding to 23/02/2026G) regarding the extension of the MOU for an additional month until 04/10/1447H (corresponding to 23/03/2026G) under the same previous terms and conditions; Malath announces the expiry of the MOU without renewal nor a binding agreement being reached, and therefore the parties ceasing the negotiations in relation to the Proposed Merger.
Previous Announcement	Malath Cooperative Insurance Co. announces recent developments to the signing of a memorandum of understanding with Liva Insurance Co.
Date of Previous Announcement on Saudi Exchange’s Website	2026-02-23 Corresponding to 1447-09-06
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The expiry of the MOU without renewal nor a binding agreement being reached, and therefore the parties ceasing the negotiations in relation to the Proposed Merger.
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.	The Company incurred the costs of the advisers, and half the costs of the application to the General Authority for Competition.
Delay consequences on the Company’s financial results	Not applicable