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

Wataniya Insurance Company shareholders approved the 2025 financial statements, the Board of Directors’ report, and the external auditor’s report during the Ordinary General Assembly held on June 2, 2026.
PricewaterhouseCoopers and KPMG were appointed as external auditors to review financial statements for Q2 2026 through Q1 2027 for a total fee of SAR 2,400,000.
Shareholders approved several related party contracts involving board members' interests with entities including Ibrahim Al-Jaffali & Brothers Co., Sync Insurance Co., Saudi Cement Co., and Hay Group Saudi Arabia.
The assembly approved a total remuneration of SAR 2,296,028.74 for the Board of Directors for the 2025 fiscal year.

Element List	Explanation
Introduction	Wataniya Insurance Company announces the results of the ordinary General Assembly meeting (first meeting)
City and Location of the General Assembly's Meeting	Company's Head Office in Jeddah via modern technology
Date of the General Assembly's Meeting	2026-06-02 Corresponding to 1447-12-16
Time of the General Assembly’s Meeting	19:30
Percentage of Attending Shareholders	% 44.09781
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	attended: Dr. Hussein Akeil - Chairman of the Board - Non-Executive Board member , Mr. Faisal Charara – Non-Executive Board Member, Mr. Amin Alafifi - Non-Executive Board member, Mr. Nidal Radwan - Independent Board Member, Mr. Raed Sater - Non-Executive Board member, Mr. Haitham Albakree - Executive Board Member, Mr. Omar Hashem - Independent Board Member, Mrs. Abir Kaki - Independent Board Member, the following was absent: Mr. Sami Mousa Alhalabi - Independent Board Member
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	Mr. Asim Alhattami - The Audit Committee Chairman, Mr. Amin Alafifi - The Risk Committee Chairman, Mr. Faisal Charara - The Executive Committee Chairman, Mr. Faisal Charara - The Remuneration & Nomination Committee Member, Mr. Raed Sater - The Remuneration & Nomination Committee Member, Mr. Haitham Albakree - The Investment Committee Member
Voting Results on the Items of the General Assembly's Meeting Agenda's	1- Reviewed and discussed the Board of Directors’ report for the fiscal year ended 31 December 2025. 2- Reviewed the financial statements for the fiscal year ended 31 December 2025. 3-Approved the External Auditor’s report for the fiscal year ended 31 December 2025 after discussion. 4- Approved the appointment of Pricewaterhouse Coopers and KPMG as the External Auditors, the appointed auditors shall examine, review and audit the interim financial statement of Quarter2, Quarter3, Annual Financial Statement 2026, and Quarter1, 2027 and the Auditors Fees of SAR 2,400,000. 5- Approved the business and contracts between the Company and Ibrahim Al-Jaffali & Brothers Co., in which Board members Mr. Amin Al-Afifi and Mr. Faisal Sharara have an indirect interest, relating to the following: - renewal of the head office lease and other expenses. The 2025 transactions amounted to SAR 3,912,657.95, with no preferential terms. - insurance renewal premiums. The 2025 transactions amounted to SAR 657,927.35, with no preferential terms. - claims paid. The 2025 transactions amounted to SAR 169,874.71, with no preferential terms. 6- Approved the business and contracts between the Company and Sync Insurance Co., in which Board member Mr. Faisal Sharara has an indirect interest, relating to the following: - renewal of the facultative reinsurance agreement. The 2025 transactions amounted to SAR 338,484.67, with no preferential terms. - claims. The 2025 transactions amounted to SAR 75,000, with no preferential terms. 7-Approved the business and contracts between the Company and Saudi Cement Co., in which Board member Mr. Amin Al-Afifi has an indirect interest, relating to the following: - insurance renewal premiums. The 2025 transactions amounted to SAR 3,353,128.69, with no preferential terms. - claims. The 2025 transactions amounted to SAR 819,415.28, with no preferential terms. 8- Approved the business and contracts between the Company and Hay Group Saudi Arabia Ltd. (Korn Ferry), in which Board member Mr. Raed Sater has an indirect interest, relating to salary benchmarking services for 2025. The 2025 transactions amounted to SAR 112,860.00, with no preferential terms. 9- Approved authorising the Board of Directors with the powers of the Ordinary General Assembly under Article 27 of the Companies Law, for a period of one year from the General Assembly’s approval or until the end of the authorised Board’s term, whichever is earlier, in accordance with the regulatory controls and procedures issued in implementation of the Companies Law for listed joint-stock companies. 10- Approved the payment of SAR 2,296,028.74 as remuneration for the Board of Directors for the fiscal year ended 31 December 2025.