Addendum Announcement from Mutakamela Insurance Co. in regards to Results of the Ordinary General Assembly Meeting (First Meeting)

Mutakamela Insurance Company shareholders approved the financial statements, board report, and the discharge of board members for the fiscal year ended December 31, 2025.
Approved the appointment of Deloitte & Touche and Forvis Mazars as external auditors for fiscal year 2026 and Q1 2027, with fees set at SAR 1.57 million and SAR 600,000 respectively.
Authorized board remuneration totaling SAR 1,962,000 for FY 2025 and approved an amendment to increase Deloitte’s previously agreed audit fees by SAR 250,000 for additional procedures.
Ratified significant related party transactions for 2025, including a reinsurance contract with Abu Dhabi National Insurance Company valued at SAR 164.8 million and multiple contracts with Banque Saudi Fransi affiliates.

Element List	Explanation
Introduction	Further to the company’s announcement published on the Tadawul website on 16/01/1448 corresponding to 01/07/2026 regarding the results of the Ordinary General Assembly meeting (first meeting), the company would like to clarify to the shareholders the names of the auditors and their fees that were voted on and approved by the assembly, as indicated in the meeting invitation documents published to the shareholders on 23/12/1447 corresponding to 09/06/2026 .
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website	2026-07-01 Corresponding to 1448-01-16
Hyperlink to the Previous Announcement	Click Here
Change on the Development	N/A
Financial Impact on the change	N/A
Additional Information	N/A
Attached Documents	Attached Documents