Damaan Islamic Insurance Company: The AGM and EGM Endorses Items on It's Agenda

Damaan Islamic Insurance Company announces the results of the AGM and EGM. The meeting was held on 03/03/2026 and the following resolution were approved Agenda of the Ordinary General Assembly: 1- Approval of the Board of Directors’ report on the company’s activities and its financial position for the year ended 31/12/2025, and the company’s future plan. 2- Approval of the External Auditors’ report on the company’s financial statements for the year 2025. 3- Approval of the Sharia Supervisory Board’s report for the year 2025. 4- Approval of the company’s balance sheet and profit and loss account for the year 2025. 5- Approval of the distribution of dividends for the year 2025 to shareholders and the surplus from insurance operations to policyholders. 6- Discharge of the members of the Board of Directors from liability and approval of their remuneration for the year 2025, Subject to the approval of QCB 7- Approval of the Corporate Governance Report for the year 2025. 8- Approval of major transactions and related-party transactions entered into by the company during the financial year ended 31/12/2025. 9- Renewal of the appointment of Messrs. Deloitte & Touche as external auditors for the financial year 2026 Agenda of the Extraordinary General Assembly: • Approval of the amendment of Article (58) of the Company’s Articles of Association (Binding Nature of General Assembly Resolutions) by adding paragraph (B) to read as follows: “(A) Resolutions issued by the General Assembly in accordance with the provisions of this Law and these Articles of Association shall be binding on all shareholders, whether present or absent at the meeting in which they were issued, and whether they agree or disagree with them. The Board of Directors shall implement such resolutions immediately upon issuance. (B) A shareholder shall have the right to object to any resolution which he/she considers to have been issued in the interest of a specific category of shareholders, or to be prejudicial thereto, or to confer a special benefit upon members of the Board without regard to the interest of the company. Such objection must be recorded in the minutes of the meeting, and the shareholder shall have the right to seek annulment of the resolution objected to in accordance with the applicable provisions of the law in this regard.” . Approved Dividends Distribution ratio Cash Dividends H2 (%) 25 Total Annual Cash Dividends (%) 25