The Islamic Arab Insurance Company – SALAMA has prepared a disclosure form as per the SCA Board of Directors' Decision No. (32/R.M.) of 2019. This decision mandates listed companies to take specific actions if their accumulated losses reach 20% or more of their paid-up capital. As of December 31, 2025, SALAMA's accumulated losses are AED 18,818,138, which is 3.9% of its paid-up capital, significantly below the 20% threshold. These losses are mainly due to the excess cost over the nominal value of treasury shares and cannot be adjusted during a capital reduction. Previous losses from 2023-2024 were due to non-recurring items such as litigation provisions, reinsurance provisions, goodwill impairment, and investment losses, which have since been addressed. The company is compliant with the regulatory requirements and considers the issue of accumulated losses resolved.

The disclosure clarifies the approval process for proxies according to Article 40 of the Corporate Governance Manual. Shareholders entitled to attend the general assembly can delegate someone to represent them, provided the proxy is not a board member, company employee, or affiliated with a securities brokerage. The proxy must hold no more than 5% of the company's issued capital. Shareholders lacking legal capacity must be represented by legal representatives. The shareholder's signature on the power of attorney must be verified by a Notary Public, a commercial chamber in the state, a licensed bank or company, or any licensed attestation entity. The proxy form should include the shareholder's and the approving brokerage firm's contact information. For further inquiries, contact via telephone or email provided.

The document is a report for Islamic Arab Insurance Co. (SALAMA) PJSC and its subsidiaries, covering the Board of Directors' report, the independent auditor’s report, and the consolidated financial statements for the year ending December 31, 2025.

SALAMA - Islamic Arab Insurance Company PJSC has announced the opening of nominations for its Board of Directors. Shareholders can submit their nominations from March 11, 2026, to March 20, 2026. Candidates must apply at the company's main office in Dubai and include a brief resume and specify the type of membership they are applying for (executive, non-executive, or independent). Seven board members are to be elected, and candidates must meet the conditions outlined in relevant laws and governance guides. Nominations will be open for ten days following the announcement.

The Islamic Arab Insurance Company (SALAMA) plans to have its Board of Directors pass a resolution by circulation on March 10, 2026. The resolution will address the approval of the upcoming issuance of mandatory convertible Sukuk, the announcement of the opening of nominations for the Board of Directors, and the convening of the Annual General Meeting, in coordination with regulatory authorities. Additionally, general business-related matters of the company will be discussed. The communication is addressed to H.E. Waleed Saeed Abdul Salam Al Awadhi, CEO of the Capital Market Authority, and Mr. Hamed Ahmed Ali, CEO of the Dubai Financial Market.