| Element List | Explanation |
|---|---|
| Introduction | Raoom Trading Company announces the signing of an agreement on 23/11/2025 G to acquire an existing industrial operating asset in Jeddah (1st Industrial City), which includes a glass and aluminum factory in addition to operational facilities, worker housing, and fixed assets. |
| Transaction Details | The Company signed a purchase and assignment agreement with Alma Glass and Aluminum Manufacturing Company to acquire the factory referred to above, and for Alma Glass and Aluminum Manufacturing Company to assign the lease contracts concluded with the Saudi Authority for Industrial Cities and Technology Zones (“Modon”)—on which the factory and worker housing are located—in favor of the Company. |
| Transaction Amount | Five million two hundred thousand Saudi Riyals SAR 5,200,000. |
| Transaction Conditions | Modon’s approval to transfer the lease contracts: completion of all conditions stipulated in the purchase and assignment agreement. |
| Parties of the Transaction | Seller: Alma Glass and Aluminum Manufacturing Company Buyer: Raoom Trading Company |
| Transaction Financing Method | The transaction will be funded through bank facilities previously obtained by the Company. |
| Date of Entering Into The Transaction | 2025-11-23 Corresponding to 1447-06-02 |
| Description of Activity of The Asset Subject of The Transaction | Glass manufacturing. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not applicable. |
| Transaction reasons | This acquisition comes within the Company’s expansion plans aimed at enhancing its operational capabilities, increasing production capacity, and expanding its geographic reach in the Kingdom’s regions, in a manner that supports its directions towards diversifying revenue sources and improving operational efficiency. |
| Expected Impact of the Transaction on the Company and Its Operations | The financial impact of the transaction is expected to appear on the Company’s operational results after completing the procedures and transferring the contracts and assets in accordance with applicable regulations. Any material developments will be disclosed in due course. |
| Related Parties | The financial impact of the transaction is expected to appear on the Company’s operational results after completing the procedures and transferring the contracts and assets in accordance with applicable regulations. Any material developments will be disclosed in due course. |
| Additional Information | The Company will announce any material events or developments regarding the transaction as soon as they become available. |