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Element List	Explanation
Introduction	With reference to Al Kuzama Trading Company’s announcement dated 12 November 2025 regarding the signing of a “non-binding preliminary Memorandum of Understanding” for the purpose of acquiring a 30% equity ownership interest in Twenty Four Beverages Company.
Transaction Details	Acquisition by Al Kuzama Trading Company of a 30% equity stake in Twenty Four Beverages Company under a Share Purchase Agreement.
Transaction Amount	SAR 39,000,000 Saudi Riyals
Transaction Conditions	The agreement includes the customary terms, conditions, and warranties provided by each party, as typically agreed upon in similar transactions, such as the completion of due diligence procedures
Parties of the Transaction	Al Kuzama Trading Company, in its capacity as the Purchaser. The founding partners of Twenty Four Beverages Company (a limited liability company), in their capacity as: 1- Naif Sami Alkulaib 2-Mohammed abdullatif Alarfaj
Transaction Financing Method	The acquisition was fully funded in cash
Date of Entering Into The Transaction	2026-01-11 Corresponding to 1447-07-22
Description of Activity of The Asset Subject of The Transaction	Twenty Four Beverages Company operates in the operation and management of coffee and beverages retail outlets within the beverages services sector. As of 2024, the Company had 59 operating branches, and continued its expansion during 2025 by opening an additional 61 branches, bringing the total number of branches to 120. The Company’s expansion plans for 2026 include the opening of 60 additional branches.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	Revenues for the Last Three Years: For the year 2022: Revenues amounted to SAR 19,768,000. For the year 2023: Revenues amounted to SAR 22,955,000. For the year 2024: Revenues amounted to SAR 41,443,000.
Transaction reasons	Enhancing the Company’s market share and expanding into diversified sectors and activities in line with Al Kuzama Trading Company’s strategic objectives and vision for growth and expansion, through strengthening its presence in the beverages and coffee sector by means of high-quality partnerships and strategic investments that support portfolio diversification and align with the expectations of the local market.
Expected Impact of the Transaction on the Company and Its Operations	The financial impact of this acquisition is expected to commence following the completion of the ownership transfer and the recognition of profits arising from the acquired equity ownership interest. This is expected to enhance the Company’s market share and support entry into diversified sectors and activities, thereby strengthening its financial position.
Related Parties	None
Additional Information	In fulfillment of the disclosure requirements relating to the material development previously announced on 12 November 2025 regarding the signing of a non-binding preliminary Memorandum of Understanding with Twenty Four Beverages Company, the Company has included the necessary additional details in this announcement. The completion of the transfer of ownership interests remains subject to obtaining the required approvals related to the economic concentration review from the General Authority for Competition.

Al Kuzama Trading Co. Announces the Purchasing of Equity ownership interests in Twenty Four Beverages Company (a Limited Liability Company). in the amount of SAR 39,000,000 Saudi Riyals