United Cooperative Assurance Company announces recent developments in regard to signing a Memorandum of Understanding with Arabia Insurance Cooperative Company

Element List	Explanation
Introduction	With reference to the announcement made at Tadawul by the United Cooperative Assurance Company (“UCA”) on 23 Dhu Al Hajjah 1446H (corresponding to 19 June 2025) regarding signing a Memorandum of Understanding with Arabia Insurance Cooperative Co. (“AICC”) to evaluate a potential merger between the two companies (the “Potential Merger”), and the subsequent development announcement published on 22 Muharram 1447H (corresponding to 17 July 2025) regarding the appointment of the financial adviser, the United Cooperative Assurance Company is pleased to announce the issuance of the Non-Objection of the General Authority for Competition on the completion of the economic concentration resulting from the Potential Merger.

Element List

Explanation

Introduction

With reference to the announcement made at Tadawul by the United Cooperative Assurance Company (“UCA”) on 23 Dhu Al Hajjah 1446H (corresponding to 19 June 2025) regarding signing a Memorandum of Understanding with Arabia Insurance Cooperative Co. (“AICC”) to evaluate a potential merger between the two companies (the “Potential Merger”), and the subsequent development announcement published on 22 Muharram 1447H (corresponding to 17 July 2025) regarding the appointment of the financial adviser, the United Cooperative Assurance Company is pleased to announce the issuance of the Non-Objection of the General Authority for Competition on the completion of the economic concentration resulting from the Potential Merger.

United Cooperative Assurance Company notes that the Potential Merger is still under consideration, and that no binding agreement has been signed to date, and that even after such agreement the Potential Merger will be subject to the approvals of the Insurance Authority, the Capital Market Authority and the Saudi Exchange, as well as obtaining the requisite approvals of the shareholders of both companies.

The United Cooperative Assurance Company will make further announcements as and when material developments occur in relation to the Potential Merger. Previous Announcement United Cooperative Assurance Company announces an update on signing a Memorandum of Understanding with Arabia Insurance Cooperative Company Date of Previous Announcement on Saudi Exchange’s Website 2025-07-17 Corresponding to 1447-01-22 Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here Latest Developments Of The Announced Event The issuance of the Non-Objection of the General Authority for Competition on the completion of the economic concentration resulting from the Potential Merger. 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 Additional Information 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.