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Element List	Explanation
Lawsuit Opponent	Tathmeer Investment Company
Name of the Plaintiff	Saudi Cable Company
Type of the Lawsuit	Annulment of the Hawala Agreement (Debt Transfer) between Tathmeer, Al Rajhi Bank and Saudi Cable Company
Name and Location of the Competent Judicial Authority	Commercial Court in Jeddah
Date of Submitting the Lawsuit	2026-02-02 Corresponding to 1447-08-14
Summery of the Lawsuit and its Reasons	Tathmeer Company purchased an outstanding debt owed by the Saudi Cable Company in favor of Al-Rajhi Bank, amounting to (232,773,563) Two Hundred and Thirty-Two Million, Seven Hundred and Seventy-Three Thousand Five Hundred and Sixty-Three Riyals, after obtaining a discount of (77,773,563) Seventy-Seven Million, Seven Hundred and Seventy-Three Thousand, Five Hundred and Sixty-Three Riyals, from the principal of the debt from Al-Rajhi Bank. Then, Tathmeer Company asked the Saudi Cable Company to transfer the full amount of (232,773,563) Two Hundred and Thirty-Two Million Seven Hundred and Seventy-Three Thousand Five Hundred and Sixty-Three Riyals into shares with a nominal value (ten Riyals) based on an agreement signed between the two parties. The reasons for the company's filing of the lawsuit are that the agreement contained a number of formal and substantive violations, and that it was signed by someone who had no capacity to represent the company by signing at that time, and then the Extraordinary General Assembly "the person with authority" rejected the agreement in the meeting held on 22/06/2025.
Expected Financial Impact Including the Claimed Sums, Fees and any other Charges	The potential financial impact cannot be assessed, and the Company will disclose any material developments related to this case as they arise.
Any Substantial Legal, Regulatory, or Operational Risks that may Result from the Lawsuit, including the Results of such Impact on the Company's Financial, Legal or Operational Standing	At this stage, the legal implications and potential risks associated with this case cannot be assessed. The Company will announce any material developments related to the matter as they become available.
Measures Taken by the Company, including the Estimation of the Potential Liability Resulting from the Lawsuit	At this stage, it is not possible to estimate any potential liability that may arise from the lawsuit until court proceedings commence. The Company will disclose any material developments related to this matter as they occur.
Additional Information	The date of the judicial hearing was set for 7 Ramadan 1447 AH. The Company would like to make it clear to its valued shareholders that in the event of the rejection of the lawsuit by a final ruling, the matter will remain as it is, and the Company would like to note that if the lawsuit is accepted by a final ruling, the situation will return to the way it was before the signing of the agreement.

Saudi Cable Company Announces the Filing of a Lawsuit Against Tathmeer Investment Company