Saudi Cable Company Announces the Latest Developments of the Company's Share Capital Increase File with the Capital Market Authority Through Rights Issue Offering

The Company announces to its shareholders the Board of Directors' resolution issued on 22/09/1447 H (corresponding to 11/03/2026G) to revise the details of the offering and the file as set out in the company announcement dated 25/02/1447 H (corresponding to 19/08/2025 G) to be as follows:

Details of the previous application:

Increase the company's share capital from sixty-six million, seven hundred and twenty-nine thousand and sixty (66,729,060) Saudi Riyals to four hundred and sixty-six million, seven hundred and twenty-nine thousand and sixty (466,729,060) Saudi Riyals through a rights issue offering in an amount of four hundred million (400,000,000) Saudi Riyals. The number of shares to be offered under the application was (40,000,000) shares at an offering price of (10) Saudi Riyals per share.

Details of the revised application:

Increasing the company's capital from sixty-six million seven hundred and twenty-nine thousand and sixty (66,729,060) Saudi Riyals to one hundred and ninety-one million seven hundred and twenty-nine thousand and sixty (191,729,060) Saudi Riyals through the rights issue shares with a total amount of four hundred million (400,000,000) Saudi Riyals, so that the number of shares to be offered under the application file is (12,500,000) shares at an offering price of (32) Saudi Riyals per share, where the value of (10) Saudi Riyals of the offering price per share represents the nominal value of the share, while the value of (22) Saudi Riyals of the offering price represents the issuance premium that will be placed in a separate item within shareholders' equity in the company's financial statements.

The application is still under review by the Capital Market Authority and is subject to the relevant regulatory approvals, including the approval of the company’s Extraordinary General Assembly.

Details of the previous application:

Increase the company's share capital from sixty-six million, seven hundred and twenty-nine thousand and sixty (66,729,060) Saudi Riyals to four hundred and sixty-six million, seven hundred and twenty-nine thousand and sixty (466,729,060) Saudi Riyals through a rights issue offering in an amount of four hundred million (400,000,000) Saudi Riyals. The number of shares to be offered under the application was (40,000,000) shares at an offering price of (10) Saudi Riyals per share.

Details of the revised application:

Increasing the company's capital from sixty-six million seven hundred and twenty-nine thousand and sixty (66,729,060) Saudi Riyals to one hundred and ninety-one million seven hundred and twenty-nine thousand and sixty (191,729,060) Saudi Riyals through the rights issue shares with a total amount of four hundred million (400,000,000) Saudi Riyals, so that the number of shares to be offered under the application file is (12,500,000) shares at an offering price of (32) Saudi Riyals per share, where the value of (10) Saudi Riyals of the offering price per share represents the nominal value of the share, while the value of (22) Saudi Riyals of the offering price represents the issuance premium that will be placed in a separate item within shareholders' equity in the company's financial statements.

The application is still under review by the Capital Market Authority and is subject to the relevant regulatory approvals, including the approval of the company’s Extraordinary General Assembly.