Al-Etihad Cooperative Insurance Co. Announces the Results of the Extraordinary General Assembly Meeting (Second Meeting)

Element List	Explanation
Introduction	Al-Etihad Cooperative Insurance Co. announces the results of its the extraordinary General assembly Meeting (Second Meeting).
City and Location of the General Assembly's Meeting	The Company Head Office in Dhahran King Fahad Road – by presence and remotely through means of modern technology by using Tadawulaty portal
Date of the General Assembly's Meeting	2026-06-03 Corresponding to 1447-12-17
Time of the General Assembly’s Meeting	19:30
Percentage of Attending Shareholders	35.99%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	The following Board members have attended the meeting: 1. Mr. Yousef Saad Al Saad / Chairman of the Board 2. Mr. Naif Saoud Al Turairi / Vice Chairman of the Board 3. Mr. Tareq Fahad Bouresly / Member 4. Mr. Fahad Sulaiman Al Dalali / Member 5. Mr. Ahmed Abdulrahman Al Mohsen/ Member 6. Mr. Ahmed Yousef Boshnak/ Member 7. Mr. Abdulrahman Mansor Alzameel / Member
Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf	1- Mr. Yousef Saad Al Saad – Executive Committee Chairman - Investment Committee Chairman 2- Mr. Ahmed Yousef Boshnak - Nomination & Remuneration Committee Chairman 3- Ahmed Abdulrahman Al Mohsen - Risk Management and cybersecurity - Committee Chairman 4- Mr. Hani Saeed Alghamdi - Audit Committee Chairman 5- Mr. Shadi Shakir AlShabaan - Audit Committee Member
Voting Results on the Items of the General Assembly's Meeting Agenda's	1. Board of Directors' report for the year ended December 31, 2025, was reviewed and discussed. 2.Approval on the auditor's report for the year ended December 31, 2025 after discussing it. 3. Financial statements for the year ended December 31, 2025, were reviewed and discussed. 4. Approval on the Discharge of members of the Board of Directors from their liabilities of the year ended December 31, 2025. 5. Approval on moving the entire balance of Statutory Reserve amounted to SAR 41,362 thousands to Accumulated Losses amounted to SAR 201,637 thousand, in order to reduce portion of the Accumulated Losses which represent 40.3% of the Paid up Capital, amounting to 500,000,000 Saudi riyals according to the financial statements for the three months ending on 31 March 2026; Based on that, reducing the Accumulated Losses percentage to Paid up Capital to be 32.1%. 6. Approval on authorizing the Board of Directors with the authority of the Ordinary General Assembly to authorize the license mentioned in paragraph (1) of Article Twenty-Seven of the Companies Law, for a period of one year from the date of approval of the General Assembly or until the end of the Board of Directors session, whichever is earlier, in accordance with the Executive Regulations of the Companies Law for listed companies. 7. Approval on appointing the company’s auditors among the candidates based on the recommendation of the Audit Committee, to examine, review, and audit the financial statements for 2nd, 3rd quarters and the annual financial statements for the fiscal year ending on 31/12/2026 AD and the 1st quarter of the financial year ending 31/12/2027 AD, and the determination of their total fees of (1,091,000) One million and ninety one thousand Saudi Riyal excluding VAT. - PKF AL Bassam Co - Ibrahim Ahmed Al Bassam, - Certified Accountants and Auditors - Al-Azem & Al-Sudairy Co. Crowe Horwath KSA