Al-Etihad Cooperative Insurance Company (Al-Etihad) announced the signing of a comprehensive insurance agreement with Saudi National Bank which provides comprehensive insurance coverage for financial leasing vehicles to individuals. Date of Announcement of the Award is February 1, 2023. Contract Subject Matter: Comprehensive Insurance coverage for financial leasing vehicles issued for individuals.

Contract Value: The value of the agreement and the financial impact cannot be accurately determined due to the different value of the monthly insurance requests received. However, the company expects the contract revenues to exceed 5% of the company's gross written premiums for the year 2021. Contract Details: Comprehensive Insurance coverage for financial leasing vehicles issued to individuals.

Contract Duration: One year.