Saudi Arabian Refineries Company (SARCO) Announces the Latest Developments Regarding the Memorandum of Understanding with AGR Renewable Energy

Element List	Explanation
Introduction	With reference to the announcement published by Saudi Arabian Refineries Company (SARCO) (the "Company") on the Saudi Exchange (Tadawul) website on 17/08/1447H (corresponding to 05/02/2026G) regarding the signing of a non-binding Memorandum of Understanding (MoU) by its wholly owned subsidiary, Clean Energy Company, with AGR Renewable Energy, for the purpose of purchasing the entire production of green ammonia to be produced at the company's planned green ammonia plant in Jazan Industrial City
Previous Announcement	Saudi Arabian Refineries Company (SARCO) Announces the Latest Developments Regarding the Non-Binding Memorandum of Understanding with AGR Renewable Energy (the "Target Company") for the Purchase of the Entire Production of the Green Ammonia Plant to Be Produced at the Company's Planned Facility in Jazan Industrial City.
Date of Previous Announcement on Saudi Exchange’s Website	2026-02-05 Corresponding to 1447-08-17
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The non-binding Memorandum of Understanding has expired without the parties entering into a binding agreement. The Company confirms that the expiration of the Memorandum of Understanding does not result in any financial obligations on the Company. Furthermore, this event has had no impact on the Company's financial position or financial results.
Reasons For The Delay on The Date of The Event Previously Announced	N/A
The costs associated with the event, and if they have changed or not with indication of the reasons.	None
Delay consequences on the Company’s financial results	None