Consolidated Statement of Changes in Equity

For the year ended 31 December 2025

Attributable to equity holders of the Parent Company
Share capital Share premium Treasury share reserve Statutory reserve Voluntary reserve Effect of changes in ownership interest of subsidiaries Other reserve Insurance and reinsurance finance reserve Cumulative changes in fair value reserve Foreign currency translation adjustments Revaluation reserve Retained earnings Subtotal Subordinated perpetual tier 2 bonds Noncontrolling interests Total equity
KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s
As at 31 December 2024 28,457 50,947 4,268 28,457 40,671 (2,671) (1,502) 1,014 4,183 (50,195) 14,607 124,323 242,559 60,000 77,497 380,056
Profit for the year ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 24,699 24,699 ‑ 6,806 31,505
Other comprehensive income (loss) for the year ‑ ‑ ‑ ‑ ‑ ‑ 59 (661) 6,943 (2,112) 3,319 ‑ 7,548 ‑ 2,896 10,444
Total comprehensive income (loss) for the year ‑ ‑ ‑ ‑ ‑ ‑ 59 (661) 6,943 (2,112) 3,319 24,699 32,247 ‑ 9,702 41,949
Recycled on sale of investments at FVOCI ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ (292) ‑ ‑ 292 ‑ ‑ ‑ ‑
Dividend paid (Note 18) ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ (6,545) (6,545) ‑ ‑ (6,545)
Interest on subordinated perpetual tier 2 bonds ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ (2,992) (2,992) ‑ ‑ (2,992)
Amortization of subordinated Tier 2 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ (126) (126) ‑ ‑ (126)
Movement in other reserve ‑ ‑ ‑ ‑ ‑ ‑ (56) ‑ ‑ ‑ ‑ ‑ (56) ‑ ‑ (56)
Acquisition of non‑controlling interests (note 27) ‑ ‑ ‑ ‑ ‑ (858) ‑ ‑ ‑ ‑ ‑ ‑ (858) ‑ 474 (384)
Dividend paid to noncontrolling interests ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ (4,338) (4,338)
As at 31 December 2025 28,457 50,947 4,268 28,457 40,671 (3,529) (1,499) 353 10,834 (52,307) 17,926 139,651 264,229 60,000 83,335 407,564

The attached notes 1 to 29 form part of this consolidated financial statements.

Attributable to equity holders of the Parent Company
Share capital Share premium Treasury shares Treasury share reserve Statutory reserve Voluntary reserve Effect of changes in ownership interest of subsidiaries Other reserve Insurance and reinsurance finance reserve Cumulative changes in fair value reserve Foreign currency translation adjustments Revaluation reserve Retained earnings Subtotal Subordinated perpetual tier 2 bonds Noncontrolling interests Total equity
KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s KD 000’s
As at 31 December 2023 28,457 50,947 (429) 3,099 28,457 40,671 (2,837) (1,643) 839 (771) (39,315) 16,014 112,770 236,259 60,000 77,884 374,143
Profit for the year ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 25,922 25,922 ‑ 5,900 31,822
Other comprehensive income (loss) for the year ‑ ‑ ‑ ‑ ‑ ‑ ‑ 359 175 4,238 (10,880) (1,407) ‑ (7,515) ‑ (1,150) (8,665)
Total comprehensive income (loss) for the year ‑ ‑ ‑ ‑ ‑ ‑ ‑ 359 175 4,238 (10,880) (1,407) 25,922 18,407 ‑ 4,750 23,157
Recycled on sale of investments at FVOCI ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 716 ‑ ‑ (716) ‑ ‑ ‑ ‑
Sale of treasury shares (Note 18) ‑ ‑ 429 1,169 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ 1,598 ‑ (170) 1,428
Dividend paid (Note 18) ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ (10,529) (10,529) ‑ ‑ (10,529)
Interest on subordinated perpetual tier 2 bonds ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ (3,000) (3,000) ‑ ‑ (3,000)
Amortization of subordinated Tier 2 ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ (124) (124) ‑ ‑ (124)
Movement in other reserve ‑ ‑ ‑ ‑ ‑ ‑ ‑ (218) ‑ ‑ ‑ ‑ ‑ (218) ‑ ‑ (218)
Acquisition of non‑controlling interests ‑ ‑ ‑ ‑ ‑ ‑ 154 ‑ ‑ ‑ ‑ ‑ ‑ 154 ‑ (189) (35)
Dilution gain resulted from merging of two entities ‑ ‑ ‑ ‑ ‑ ‑ 12 ‑ ‑ ‑ ‑ ‑ ‑ 12 ‑ (12) ‑
Dividend paid to noncontrolling interests ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ ‑ (4,766) (4,766)
As at 31 December 2024 28,457 50,947 ‑ 4,268 28,457 40,671 (2,671) (1,502) 1,014 4,183 (50,195) 14,607 124,323 242,559 60,000 77,497 380,056

The attached notes 1 to 29 form part of this consolidated financial statements.