Independent Auditor’s Report To the Shareholders of Insurance House P.J.S.C. (continued)

Report on the Financial Statements (continued)

Report on Other Legal and Regulatory Requirements (continued)

(v) as disclosed in note 5 to the financial statements, the Company has purchased and sold certain shares during the year ended 31 December 2022;

(vi) note 18 to the financial statements discloses material related party transactions, and the terms under which they were conducted; and

(vii)based on the information that has been made available to us, nothing has come to our attention which causes us to believe that the Company has contravened during the financial year ended 31 December 2022 any of the applicable provisions of the Federal Law No. 6 of 2007 (as amended) on the Establishment of the Insurance Authority and Organization of the Insurance Operations and UAE Federal Law No. 32 of 2021, or of its Articles of Association, which would materially affect its activities or its financial position as at 31 December 2022

Further, as required by UAE Federal Law No. 6 of 2007 (as amended) we report that we have obtained all the information and explanation we considered necessary for the purpose of our audit.

Osama El-Bakry

Registration No: 935

Abu Dhabi, United Arab Emirates

Date: 13 February 2023

Statement of profit or loss and other comprehensive income

For the year ended 31 December 2022

The notes from 1 to 23 form an integral part of these financial statements.

Statement of profit or loss and other comprehensive income (continued)

For the year ended 31 December 2022

The notes from 1 to 23 form an integral part of these financial statements.