The CMA Board has issued its resolution approving Allied Cooperative Insurance Group (“ACIG”) request to increase its capital through a rights issue offering with a total value of SR (100,000,000). The rights issue is limited to the shareholders who are registered in the shareholders register at the close of trading on the extraordinary general assembly day, which will be determined later by the Group's board. The price and number of offered shares will be determined by the Group during the extraordinary general assembly. The Group's rights issue prospectus will be posted for the public.