Element List	Explanation
Introduction	With reference to the announcement made by Emaar, the Economic City (the "Company") on the Saudi Exchange’s website on 03-07-1447H (corresponding to 23-12-2025G) regarding the results of the extraordinary general assembly meeting that included approving the increase of the Company’s share capital by converting the debt owed to the Public Investment Fund (the “PIF” or the “Creditor”) to new shares in the Company; the Company hereby announces the listing of the new shares issued in favor of the Creditor on 5-7-1447H (corresponding to 25-12-2025G). With the completion of this procedure, the Company is pleased to announce the completion of the debt conversion.
Previous Announcement	Announcement by Emaar, the Economic City regarding the results of the extraordinary general assembly meeting, which included the approval to increase the Company’s capital (first meeting) through modern technology
Date of Previous Announcement on Saudi Exchange’s Website	2025-12-23 Corresponding to 1447-07-03
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The issuance of the new shares of the Company, their listing on the Saudi Exchange (Tadawul), and their deposit into the Creditor’s portfolio.
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not applicable.