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

Mutakamela Insurance Company shareholders approved all agenda items during the Ordinary General Assembly meeting held on June 30, 2026, with an attendance rate of 65.5%.
Key financial approvals included the 2025 financial statements, Board of Directors' discharge, and a total Board remuneration of SAR 1,962,000 for the 2025 fiscal year.
Shareholders approved an SAR 250,000 increase in audit fees for Deloitte for the 2025/early 2026 period, bringing the total fee to SAR 1.65 million, and appointed auditors for the remainder of 2026 and Q1 2027.
Multiple related-party contracts for 2025 were ratified, including transactions with Banque Saudi Fransi subsidiaries totaling approximately SAR 16.07 million and a reinsurance contract with Abu Dhabi National Insurance Company valued at SAR 164.8 million.

Element List	Explanation
Introduction	Mutakamela Insurance Co Board is pleased to announce the results of the Ordinary General Assembly Meeting (First Meeting)
City and Location of the General Assembly's Meeting	Riyadh, head office - Via modern technology means (Online)
Date of the General Assembly's Meeting	2026-06-30 Corresponding to 1448-01-15
Time of the General Assembly’s Meeting	18:55
Percentage of Attending Shareholders	65.51376%
Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees	Names of the Board Members Who Attended the Meeting: Dr. Khalid AlSweilem Mr. Majed Alsadhan Mr. Mohammed AlSultan Mr. Mostafa Abdullatif Mr. Jugal Madaan Mr. Stefano Nalin Mr. Husam Mansour Ms. Elena Stukanova
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. Mostafa Abdullatif- (Nomination and Remuneration Committee Chairman) 2. Mr. Mohammed AlSultan - (Audit Committee Chairman) 3. Mr. Jugal Madaan - (Risk Committee Chairman) 4. Ms. Elena Stukanova - (Investment Committee Chairman)
Voting Results on the Items of the General Assembly's Meeting Agenda's	All items on the General Assembly agenda were approved by majority vote, as per the attached.
Attached Documents	Attached Documents