Chubb Arabia Cooperative Insurance Company announced that it has received the renewal confirmation of the insurance contract from Sahara International Petrochemical Company (SIPCHEM) for the Insurance coverages, in accordance with the terms and conditions agreed upon. Contract Subject Matter: Providing Insurance coverage for Property Damage and Business Interruption Risks. Date of Signing the Contract: October 30, 2022.

Contract Value: SAR 53.14 million. Contract Details: Renewal the contract for the Insurance coverage for property damage and business interruption risks, in accordance with the terms and conditions agreed upon. Contract Duration: For one year from October 31, 2022.

Financial Impact and the Relevant Period: The contract is expected to have a positive impact on the company's financial results for 2022/2023.