Arabia Insurance Cooperative Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)

Element List	Explanation
Introduction	Arabia Insurance Cooperative Company announces the results of the Ordinary General Assembly Meeting (First Meeting), which was held at 19:30 on Wednesday, 03/12/1447H, corresponding to 20/05/2026G, via modern technology means. The meeting was held after the legal quorum required for its validity was met, in accordance with the Company’s Bylaws.
City and Location of the General Assembly's Meeting	AICC Head Office, Riyadh, via modern technology means.
Date of the General Assembly's Meeting	2026-05-20 Corresponding to 1447-12-03
Time of the General Assembly’s Meeting	19:30
Percentage of Attending Shareholders	63.36
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The following Board members attended the meeting: Mr. Abdulaziz Saleh AlOmair (Chairman). Mrs. Nadine Hassan El Habbal. (Vice Chairman) Mr. Wahbe Abdullah Tamari. Mr. Abdullah Saeed Bin Saeed. Mr. Ghassan Ibrahim AKeel. Mr. Abdullah Saeed Bin Saeed. Mr. Othman Mohammed Ali Bdeir.
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	1. Mr. Abdullah Saeed Bin Saeed Chairman of the Audit Committee. 2. Mr. Ghassan Ibrahim AKeel Chairman of the Investment Committee and Risk Committee. 3. Mrs. Nadine Hassan El Habbal Chairman of the Executive Committee and Nomination and Remuneration Committee.
Voting Results on the Items of the General Assembly's Meeting Agenda's	1- The Company’s financial statements for the fiscal year ending on 31/12/2025G were reviewed and discussed. 2- Approval of the Company’s external auditor report for the fiscal year ending on 31/12/2025G after discussing it. 3- The Board of Directors’ Report for the fiscal year ending on 31/12/2025G has been reviewed and discussed. 4- Approval of the appointment of the Company’s auditors from among the nominated candidates based on the Audit Committee's recommendation. The appointed auditors shall examine, review and audit the second and third quarters and annual financial statements of the fiscal year 2026, and the first quarter of the fiscal year 2027, and the determination of the auditor's remuneration as follow: a. El Sayed El Ayouti & Co. – Certified Public Accountants, for an amount of SR (544,500) (including travel expenses, excluding VAT). b. PKF Al Bassam Chartered Accountants, for an amount of SR (592,500) (excluding VAT). 5- Approval on releasing the Board of Directors Members from their liability for the fiscal year ending on 31/12/2025G. 6- Approval for the election of the Board of Directors members from among the candidates for the upcoming term, which commences on the date of the Ordinary General Assembly meeting on 20/05/2026G for a duration of four years, expiring on 19/05/2030G, where the following members were elected: 1. Mr. Wahbe Abdullah Tamari. 2. Dr. Abdulrahman Mohammed Al Angari, 3. Mrs. Nadine Hassan El Habbal. 4. Mr. Ziyad Mohammed Al Rubaish, 5. Mr. Othman Muhammad Ali Bedir. 6. Mr. Ghassan Ibrahim Akeel. 7. Mr. Abdullah Saeed Bin Saeed 7- Approval of delegating the elected Board of Directors the authorization powers of the General Assembly stipulated in paragraph (1) of Article 27 of the Companies Law, for a period of one year starting from the date of the approval by the General Assembly or until the end of the delegated Board of Directors’ term, whichever is earlier, in accordance with the conditions outlined in the Implementing Regulation of the Companies Law for Listed Joint Stock Companies.