| The reason of the increase (decrease) in revenues during the current year compared to the last year is | The reason for the increase in revenues during the current year compared to the previous year is due to increase in sales of Motor insurance policies and medical insurance policies. |
| The reason of the increase (decrease) in the net profit during the current year compared to the last year is | The reason for the increase in net loss during the current year compared to the previous year is due to increase in Net Insurance Service Result and decrease in net investment income. |
| Statement of the type of external auditor's report | Unmodified opinion |
| Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion) | We draw attention to Note 2 (b) to the financial statements of the Company. As of 31 December 2025, the Company did not meet the prudential solvency margin requirement and the Company’s accumulated losses stands at SAR 133.57 million (31 December 2024: SAR 92.38 million), representing 45.90% of the share capital (31 December 2024: 31.75%). These events and conditions indicate that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. However, the accompanying financial statements are prepared using the going-concern assumption based on management’s assessment of the Company’s abilities to continue as a going concern as detailed in the above referred note. Our opinion is not modified with respect to this matter. |
| Reclassification of Comparison Items | Certain reclassifications were made in comparative numbers to conform to the current period. This reclassification had no effect on the reported results of operations. |
| Additional Information | Earnings per share has been calculated based on profit after zakat and tax. As a result of achieving profits during the year |
