Date: 24/01/2017

On Tuesday 24/01/2017 the SDC completed the process of registering the share capital increase of (2,000,000) shares of the Arab Union International Insurance Company.

The share capital increase of the said amount reflects public offering directed to all shareholders of the company in proportion to the percentage of their contributions in the company capital.

Thereby, the SDC records of the Arab Union International Insurance Company indicates the raise of its capital from (4,000,000) shares to a registered capital of (6,000,000) shares as a result of the mentioned share capital increase.

The above mentioned procedure is conducted based upon the company's General Assembly's resolution made in its extraordinary meeting held on 28/04/2016 which was granted the approval of the Ministry of Industry, Trade, and Supply on 06/09/2016, and upon the approval of the Jordan Securities Commission on the share capital increase issued on 20/12/2016.