Arabia Insurance Cooperative Co. Invites its Shareholders to Attend the Extraordinary General Assembly Meeting for Capital Increase (First Meeting) via means of modern technology.

Arabia Insurance Cooperative Co. Invites its Shareholders to Attend the Extraordinary General Assembly Meeting for Capital Increase (First Meeting) via means of modern technology.

| 1. Voting on the Board’s recommendation to increase the Company’s capital by way of rights issue according to the following:

|

a. Offering amount: Two hundred and sixty five thousand (265,000,000) Saudi riyals.

b. Reasons for and method of increasing the capital:

- Reason of capital increase: to support the growth of the Company's business while maintaining the solvency requirements imposed by the Saudi Central Bank.

- Method of increasing the capital: Offering and listing of rights shares for Twenty six and five hundred thousand (26,500,000) ordinary shares.

c. Eligibility date: If the First Item is approved, eligible shareholders are those holding shares on the day on which the Extra-Ordinary General Assembly will convene and who are registered in the shareholders' registry with the Securities Depository Center Company (“Edaa”) at the end of the second trading day following the eligibility date.

• Amending (Article No. 8) of the Company’s bylaws relating to capital (attached).

2. Voting on the amendment of Article (3) of the Company’s Bylaws relating to the Purposes of Company (attached).

3. Voting on the amendment of Article (4) of the Company’s Bylaws relating to the Participation and Acquisition (attached).

4. Voting on the amendment of Article (5) of the Company’s Bylaws relating to Company's Head Office