Financial Results 31st March 2025

‌“ P- ! ! -/.ñzJI

Bahrain Kuwait Insurance Company B.S.C.

BAHRAIN

Tuesday, 13th May 2025

To: Boursa Kuwait

Mubarak Al Kabeer Street, AlSharq

P.O. Box 22235, Safat 13083,

Kuwait

Sub: BKIC Interim Condensed Consolidated Financial Statements - 31st March 2025

We have pleasure in informing you that the Board of Directors of Bahrain Kuwait Insurance Company (BSC) has approved on Tuesday 13th May 2025 the interim condensed consolidated financial statements for the 3-month period ended 31a March 2025.

The financial information forms along with the approved auditor's report are attached herewith for your kind reference and records.

Thanks and best regards,

Yours sincerely,

Ali Hasan Fardan

Senior Manager - Legal and Compliance and Secretary to the Board

Enclosures/

ewe-i. . ] inioegig.com .„,s ii „Ji | ‹s¥eyvii snna .via ] i auao u«aiil i.na ]‹rn a,>‹aI ru•o rvyo M i Iasp g¿I y

Head Olfice I BMC Tower 2775 I Raad 2835 I Seef Distnct 428 | DO Box :tO166 | fñanama Mngdom of Bahran |TEL (973) J71Z9999 I Emait: in gcom.bh |C ft No 474S-l

‌Bahrain Kuwait Insui-ance Company B.S.C.

Select from the list

2025-03—31

2025—05-13

This form shall not be deemed to be complete unless the

documents mentioned above are provided ‘”“ ^*

Financial Results Form

Non-Kuwaiti Company 1

‌! First.Quartz’ ConJparati' First Quarter Current Per

Change (%a) ' Period

Statement

2024-03-31

2025-03-31

¿yi sql QM (sari) 'i•/i

• Not Applicable for first Quarter

Ihcrease/Decre’ase In” Net Profit (Loss) is due to

The decrease in the net profit for the three months ended 31st March 2025 compared to the same period last year is due to the first-time implementation of the 15% Domestic Minimum Top-up Tax in Bahrain, which came into effect in January 2025 for multinational companies and was not reflected last year.

Total Revenue realized from dealing with related parties (value, KWDj

Tatal Expenditures incurrsd from dealing with relatéd parties

.(value, KW£?)

Financial Results Form Non-Kuwaiti Company

(219,326)

(250,998)

2

Statement

2024-03-31

2025-03-31

N/A

N/A

N/A

Net Profit (Loss) represents the amount

attributable to the owners of the parent Company

N/A

N/A

N/A

Basic & Diluted Earnings per Share

N/A

N/A

N/A

Total Operating Revenue

N/A

N/A

N/A

Net Operating Profit (Loss)

• Not Applicable for first Quarter

c.

‌In the event of selecting item No. 2, 3 or 4,

the following table must be filled out, and this form is not considered complete unless it is filled.

NIL

NIL

NIL

NIL

Financial Results Form

Non-Kuwaiti Company 4

Senior Manager

Legal and Compliance and Secretary to the Board

Ali Hasan Fardan

Financial Results Form

Non-Kuwaiti Company 5

‌Review report on the interim condensed consolidated financial information to the Board of Directors of Bahrain Kuwait Insurance Company B.S.C.

Introduction

We have reviewed the accompanying interim condensed consolidated statement of financial position of Bahrain Kuwait Insurance Company B.S.C. (the "Company") and its subsidiary

(the "Group") as at 31 March 2025 and the related Interim condensed consolidated statements of profit or loss, comprehensive income. changes in equity and cash flows for the three-month period then ended and explanatory notes. The Board of Directors is responsible for the preparation and presentation of this interim condensed consolidated financial information in accordance with International Accounting Standard 34, ‘Interim Financial Reporting' ("IAS 34a. Our responsibility is to express a conclusion on this interim condensed consolidated financial information based on our review.

Scope of review

We conducted our review in accordance with International Standard on Review Engagements 2410, "Review of interim financial information performed by the independent auditor of the entity". A review of interim financial information consists of making inquiries. primarily of persons responsible for financial and accounting matters. and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

COlJClllSlOfl

Based on our review. nothing has come to our attention that causes us to believe thai the accompanying interim condensed consolidated financial information is not prepared. in all material respects, in accordance with IAS 34.

John Molloy

PricewaterhouseCoopers M.E Limited Partner's registration number: 255 Manama. Kingdom of Bahrain

13 May 2025

PncewatemouseCoopers M.E Limited, Office no. 4701. Building ro. 1459. Road no 4626.

Bk›ck no 3d6. P.O. Box 60771, Manama/Sea Front, Kingdom of Bahrain. Flcor 47. West Tower, Bahrain Financial Harbour. T: +973 17 118800. F! +973 17 540SS6, www pwc ccCR no. 47378