| Element List | Explanation |
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| Announcement Detail | With reference to the announcement of The Mediterranean and Gulf Insurance and Reinsurance Company (“MEDGULF” or the “Company”) on 04/05/1447H (corresponding to 26/10/2025G) regarding the results of its extraordinary general assembly meeting which included the increase of the Company’s capital (the “EGM”) for the purpose of merging Buruj Cooperative Insurance Company into MEDGULF(the “Merger”), MEDGULF is pleased to announce the finalization of other completion steps of the deposit of the Consideration Shares to Buruj’s entitled shareholders and the listing of the Consideration Shares on 06/05/1447H (corresponding to 28/10/2025G). MEDGULF will announce, at a later time, the completion of the Merger’s effectiveness and the update of MEDGULF’s commercial registration. MEDGULF will also announce the deposit of the proceeds of the fraction shares resulting from the Merger to Buruj’s entitled shareholders, as set out in the Shareholders’ Circular published by MEDGULF on 06/04/1447H (corresponding to 28/09/2025G). For further information about the Merger, its impact, terms and other matters related to it including its risks, please refer to the Shareholders’ Circular. |