Mohammed Hadi Al Rasheed & Partners Company Announces Latest Developments Regarding Shariah-Compliant Banking Facilities Obtained from The Saudi Awwal Bank (SAB).

Element List	Explanation
Introduction	With reference to the announcement published by Mohammed Hadi Al Rasheed & Partners Company on Tadawul's website dated August 21, 2025, regarding the Company's obtainment of Shariah-compliant banking facilities from The Saudi Awwal Bank (SAB) amounting to SAR 72,390,000 (Seventy-Two Million Three Hundred Ninety Thousand Saudi Riyals) for a period of five years, with the purpose of supporting the Company's operational and expansion activities in line with its strategic plans, whereby the Company provided a promissory note in the amount of SAR 65,000,000 (Sixty-Five Million Saudi Riyals) as collateral offered against the financing. The Company wishes to clarify that as of July 28, 2026, approval was obtained from the financier, The Saudi Awwal Bank (SAB), to increase the total value of credit facilities to SAR 172,390,000 (One Hundred Seventy-Two Million Three Hundred Ninety Thousand Saudi Riyals), and the Company has provided the required collateral by way of a promissory note in the amount of SAR 158,114,835 (One Hundred Fifty-Eight Million One Hundred Fourteen Thousand Eight Hundred Thirty-Five Saudi Riyals), representing the value of the increase and the outstanding balance of the previous facilities. This increase of SAR 100,000,000 (One Hundred Million Saudi Riyals) aims to support the Company's operational and expansion activities through financing its assets and completing its acquisition of Taif Company, in accordance with its strategy to achieve the Company's objectives, and it has been allocated as follows: SAR 40,000,000 (Forty Million Saudi Riyals) for asset financing and SAR 60,000,000 (Sixty Million Saudi Riyals) specifically for the acquisition of Taif Company.
Previous Announcement	Mohammed Hadi Al Rasheed & Partners Company's announcement regarding obtaining Shariah-compliant banking facilities from The Saudi Awwal Bank (SAB).
Date of Previous Announcement on Saudi Exchange’s Website	2025-08-21 Corresponding to 1447-02-27
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Approval was obtained from the financier, The Saudi Awwal Bank (SAB), on July 28, 2026, to increase the total value of credit facilities to SAR 172,390,000 (One Hundred Seventy-Two Million Three Hundred Ninety Thousand Saudi Riyals), and the Company has provided the required collateral by way of a promissory note in the amount of SAR 158,114,835 (One Hundred Fifty-Eight Million One Hundred Fourteen Thousand Eight Hundred Thirty-Five Saudi Riyals), representing the value of the increase and the outstanding balance of the previous facilities. This increase of SAR 100,000,000 (One Hundred Million Saudi Riyals) aims to support the Company's operational and expansion activities through financing its assets and completing its acquisition of Taif Company, in accordance with its strategy to achieve the Company's objectives, and it has been allocated as follows: SAR 40,000,000 (Forty Million Saudi Riyals) for asset financing and SAR 60,000,000 (Sixty Million Saudi Riyals) specifically for the acquisition of Taif Company.
Reasons For The Delay on The Date of The Event Previously Announced	No delay
The costs associated with the event, and if they have changed or not with indication of the reasons.	None
Additional Information	There are no related parties. The Company will announce any further developments related to this matter as they occur.