| Element List | Explanation |
|---|---|
| Introduction | Further to the company’s announcement on 16-04-2026 regarding the Board of Directors’ Recommendation to the General Assembly to approve using the Statutory Reserve to offset a portion of the Company’s Accumulated Losses which is subject to the approval of the relevant regulatory authorities, the company received on 03-05-2026 the approval of the insurance authority |
| Previous Announcement | Al Etihad Cooperative Insurance Company announces the Board of Directors’ Recommendation to the General Assembly to approve using the company's statutory reserve balance to offset part of its accumulated losses |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-04-16 Corresponding to 1447-10-28 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Al-Etihad Cooperative Insurance Co. Announces obtaining the approval of the insurance authority on Sunday, 03-05-2026 to use the company's statutory reserve balance amounting of SAR41,362 thousand to offset part of Company's Accumulated Losses. The company would like to highlight that the approval is not final, and this will be presented in the general assembly meeting for final approval. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
| Additional Information | N/A |
