On July 14, 2026, Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MEDGULF) issued an addendum to its announcement originally published on July 12, 2026, regarding the reduction of its accumulated losses to 0% of the Company's capital. The clarification corrects the date referenced in the external auditor's report attached to the previous announcement: the accurate date on which accumulated losses were reduced to 0% is June 29, 2026, being the date the Extraordinary General Assembly approved the utilization of a portion of the Company's share premium amounting to SAR 224.974 million to eliminate accumulated losses of SAR 77.823 million. There is no financial impact from this correction, as no previously disclosed financial figures have been amended, and the update will be reflected in the Company's interim condensed financial statements for the second quarter of fiscal year 2026.

Original announcement:

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