Addendum Announcement from Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) regarding the Company’s announcement on the reduction of its accumulated losses to 0% of the capital

MEDGULF clarified the effective date for reducing its accumulated losses to 0% of capital is June 29, 2026, following approval from the Extraordinary General Assembly.
The company utilized SAR 224.974 million of its share premium to eliminate accumulated losses totaling SAR 77.823 million.
This update corrects a date reference in the external auditor’s report from March 31, 2026, to the actual approval date of June 29, 2026, with no impact on previously disclosed financial figures.
The corrected information will be reflected in the company's interim financial statements for the second quarter of the 2026 fiscal year.