SALAMA Cooperative Insurance Company Announces the Receipt of a Notice of a Fire Incident at Alhamrani Fuchs Petroleum Saudi Arabia Limited

Element List	Explanation
Announcement Detail	SALAMA Cooperative Insurance Company announces that it received, on 27/07/2026G corresponding to 13/02/1448H a notice from Alhamrani-Fuchs Petroleum Saudi Arabia Limited regarding a fire incident that occurred on, 25/07/2026G corresponding to 11/02/1448H, at the insured premises located in Yanbu, Kingdom of Saudi Arabia. Based on the reported Incident, the Company has appointed a loss adjuster licensed by the Insurance Authority to inspect the incident site and assess the damage resulting from the fire. The Company further clarifies that the relevant insurance policy is reinsured with local and international reinsurers. Accordingly, the financial impact of the claim on the Company’s financial results is expected to be limited. The extent of the damages and the final financial impact will be determined upon completion of the investigation and assessment by the appointed loss adjuster. The Company will announce any material developments in due course.

Element List

Explanation

Announcement Detail

SALAMA Cooperative Insurance Company announces that it received, on 27/07/2026G corresponding to 13/02/1448H a notice from Alhamrani-Fuchs Petroleum Saudi Arabia Limited regarding a fire incident that occurred on, 25/07/2026G corresponding to 11/02/1448H, at the insured premises located in Yanbu, Kingdom of Saudi Arabia.

Based on the reported Incident, the Company has appointed a loss adjuster licensed by the Insurance Authority to inspect the incident site and assess the damage resulting from the fire.

The Company further clarifies that the relevant insurance policy is reinsured with local and international reinsurers. Accordingly, the financial impact of the claim on the Company’s financial results is expected to be limited.

The extent of the damages and the final financial impact will be determined upon completion of the investigation and assessment by the appointed loss adjuster. The Company will announce any material developments in due course.