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Element List	Explanation
Introduction	With reference to the announcement made at Tadawul by the United Cooperative Assurance Company (“UCA”) on 23 Dhu Al Hajjah 1446H (corresponding to 19 June 2025) regarding signing a Memorandum of Understanding with Arabia Insurance Cooperative Co. (“AICC”) to evaluate a potential merger between the two companies (the “Potential Merger”), and the subsequent development announcement published on 22 Muharram 1447H (corresponding to 17 July 2025) regarding the appointment of the financial adviser, the United Cooperative Assurance Company is pleased to announce the issuance of the Non-Objection of the General Authority for Competition on the completion of the economic concentration resulting from the Potential Merger. United Cooperative Assurance Company notes that the Potential Merger is still under consideration, and that no binding agreement has been signed to date, and that even after such agreement the Potential Merger will be subject to the approvals of the Insurance Authority, the Capital Market Authority and the Saudi Exchange, as well as obtaining the requisite approvals of the shareholders of both companies. The United Cooperative Assurance Company will make further announcements as and when material developments occur in relation to the Potential Merger.
Previous Announcement	United Cooperative Assurance Company announces an update on signing a Memorandum of Understanding with Arabia Insurance Cooperative Company
Date of Previous Announcement on Saudi Exchange’s Website	2025-07-17 Corresponding to 1447-01-22
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The issuance of the Non-Objection of the General Authority for Competition on the completion of the economic concentration resulting from the Potential 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.	Not applicable
Delay consequences on the Company’s financial results	Not applicable
Additional Information	Not applicable

United Cooperative Assurance Company announces recent developments in regard to signing a Memorandum of Understanding with Arabia Insurance Cooperative Company