premargin

Element List	Explanation
Introduction	With reference to the announcement made by Salama Cooperative Insurance Company (“Salama” or the “Merging Company”) on the Saudi Exchange website on 23/02/1447H (corresponding to 17/08/2025G) in relation to its entry into a binding merger agreement with Enaya Cooperative Insurance Company (“Enaya” or the “Merged Company”, and together with Salama, the “Companies”), pursuant to which Enaya will be merged into Salama and all of Enaya’s rights, liabilities, assets and contracts will be subsumed by Salama in exchange for Salama’s issuance of eighteen million, eight hundred ninety-four thousand (18,894,000) new ordinary shares with a nominal value of ten Saudi Riyals (SAR 10) each in Salama to Enaya’s shareholders, pursuant to Article (225) and Articles (227) to (229) of the Companies Law, Article (49)(a)(1) of the Merger and Acquisition Regulations and in accordance with the Rules on the Offer of Securities and Continuing Obligations issued by the board of the Capital Market Authority, and in accordance with the conditions and provisions of the Merger Agreement (the “Merger”), and Salama’s firm intention in making an offer in this respect (the “FIA”). Whereas the FIA stated that the completion of the Merger is subject to a number of conditions, including obtaining all required approvals from the Insurance Authority, Salama is pleased to announce that the Insurance Authority has issued its approval on the Merger and certain related matters on [25/05/1447H] (corresponding to [16/11/2025G]). Salama notes that the completion of the Merger remains subject to a number of other conditions that have not yet been satisfied, including obtaining the approval of the Capital Market Authority and the approval of the shareholders of both companies. Salama will make further announcements of any material developments in relation to the Merger as and when they occur.
Previous Announcement	Salama Cooperative Insurance Company announces its entry into a binding merger agreement with the Saudi Enaya Cooperative Insurance Company.
Date of Previous Announcement on Saudi Exchange’s Website	2025-08-17 Corresponding to 1447-02-23
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The issuance of the approval of the Insurance Authority on 25/05/1447H (corresponding 16/11/2025G).
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

Salama Cooperative Insurance Company announces the latest developments regarding its entry into a binding merger agreement with Enaya Cooperative Insurance Company, and its firm intention to submit an offer in this respect.