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Element List	Explanation
Announcement Detail	1. Introduction Ghida AlSultan Fast Food Co. announces the signing of a partnership agreement with Mr. Saud Hadher Abdullah Al-Arifi for the purpose of establishing a Limited Liability Company (LLC) specialized in the creation and management of digital brands within the food and beverage sector. 2. Agreement Details The agreement entails Ghida AlSultan Fast Food Co. entering as a partner with an ownership stake of 66.66% in the company owned by the Second Party (Brand Developers Company). Mr. Saud Al-Arifi will hold the remaining 33.34% stake. The joint venture aims to establish, manage, and operate digital brands under the company’s umbrella within the food sector. 3. Agreement Value & Financing Method The total value of the agreement is estimated at SAR 3,000,000 (Three Million Saudi Riyals). This amount will be injected by the partners as a non-interest-bearing loan (Qard Hasan) to support operational activities, distributed as follows: • Ghida AlSultan’s Share: SAR 2,000,000 (Two Million Saudi Riyals). • Mr. Saud Al-Arifi’s Share: SAR 1,000,000 (One Million Saudi Riyals). • Financing Method: The company’s share will be financed through its internal resources. 4. Rationale and Objectives This move aligns with the company’s expansion strategy to enter the Digital Brands sector. It further aims to leverage the operational and managerial expertise of the Second Party to develop and grow this segment across the Kingdom of Saudi Arabia. 5. Terms of the Agreement The agreement is subject to obtaining all necessary regulatory approvals from the relevant authorities to finalize the company’s entry as a partner and to register the changes in the ownership structure in the Commercial Register and the Articles of Association. 6. Expected Financial Impact A positive financial impact is expected to be reflected in the company’s financial results in future periods, coinciding with the commencement of the new brands' operations. 7. Related Parties The company wishes to clarify an indirect interest for Board Member, Mr. Nayef Hadher Al-Arifi, due to his kinship with the Second Party, Mr. Saud Hadher Abdullah Al-Arifi. The company confirms that the agreement was conducted within the ordinary course of business and does not include any preferential terms. 8. Additional Information • Agreement Execution Date: 08/04/2026 (Corresponding to 20/10/1447 AH). • Parties involved: Ghida AlSultan Fast Food Co. and Mr. Saud Hadher Abdullah Al-Arifi.

Element List

Explanation

Announcement Detail

1. Introduction

Ghida AlSultan Fast Food Co. announces the signing of a partnership agreement with Mr. Saud Hadher Abdullah Al-Arifi for the purpose of establishing a Limited Liability Company (LLC) specialized in the creation and management of digital brands within the food and beverage sector.

2. Agreement Details

The agreement entails Ghida AlSultan Fast Food Co. entering as a partner with an ownership stake of 66.66% in the company owned by the Second Party (Brand Developers Company). Mr. Saud Al-Arifi will hold the remaining 33.34% stake. The joint venture aims to establish, manage, and operate digital brands under the company’s umbrella within the food sector.

3. Agreement Value & Financing Method

The total value of the agreement is estimated at SAR 3,000,000 (Three Million Saudi Riyals). This amount will be injected by the partners as a non-interest-bearing loan (Qard Hasan) to support operational activities, distributed as follows:

• Ghida AlSultan’s Share: SAR 2,000,000 (Two Million Saudi Riyals).

• Mr. Saud Al-Arifi’s Share: SAR 1,000,000 (One Million Saudi Riyals).

• Financing Method: The company’s share will be financed through its internal resources.

4. Rationale and Objectives

This move aligns with the company’s expansion strategy to enter the Digital Brands sector. It further aims to leverage the operational and managerial expertise of the Second Party to develop and grow this segment across the Kingdom of Saudi Arabia.

5. Terms of the Agreement

The agreement is subject to obtaining all necessary regulatory approvals from the relevant authorities to finalize the company’s entry as a partner and to register the changes in the ownership structure in the Commercial Register and the Articles of Association.

6. Expected Financial Impact

A positive financial impact is expected to be reflected in the company’s financial results in future periods, coinciding with the commencement of the new brands' operations.

7. Related Parties

The company wishes to clarify an indirect interest for Board Member, Mr. Nayef Hadher Al-Arifi, due to his kinship with the Second Party, Mr. Saud Hadher Abdullah Al-Arifi. The company confirms that the agreement was conducted within the ordinary course of business and does not include any preferential terms.

8. Additional Information

• Agreement Execution Date: 08/04/2026 (Corresponding to 20/10/1447 AH).

• Parties involved: Ghida AlSultan Fast Food Co. and Mr. Saud Hadher Abdullah Al-Arifi.

Ghida AlSultan Fast Food Co. announces the signing of an agreement to establish a Limited Liability Company (LLC) specialized in the creation and management of food and beverage (F&B) brands.