| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Malath Cooperative Insurance Co. (“Malath”) on the Saudi Exchange on 18/02/1446H (corresponding to 22/08/2024G) regarding signing a non-binding memorandum of understanding with Liva Insurance Co. (“Liva”) to evaluate a potential merger between the two companies (the “MOU”), and the subsequent development announcement on 05/03/1446H (corresponding to 08/09/2024G) regarding the appointment of the financial adviser, and the subsequent development announcement on 16/05/1446H (corresponding to 18/11/2024G) regarding the issuance of the non-objection of the General Authority for Competition on the completion of the economic concentration resulting from the potential merger, and the subsequent development announcement on 01/06/1446H (corresponding to 02/12/2024G) regarding the initial merger’s structure, and the subsequent development announcement on 27/02/1447H (corresponding to 21/08/2025G) to extend the MOU, Malath announces that it has agreed with Liva on 04/09/1447H (corresponding to 21/02/2026G) to extend the MOU for an additional month until 23/03/2026G (correspond to 04/10/1447H), under the same previous terms and condition. |
| Previous Announcement | Malath and Liva’s entry into the MOU and its subsequent developments including the appointment of the financial adviser, the GAC non-objection, the initial agreement on the structure, and the MOU extension. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-08-21 Corresponding to 1447-02-27 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Extending the MOU for an additional month until 23/03/2026G correspond to 04/10/1447H, under the same previous terms and condition. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
| Delay consequences on the Company’s financial results | Not applicable |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.