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Element List	Explanation
Introduction	Morabaha Marina Financing Company announces that it has initiated legal actions by filing complaints with the Capital Market Authority (“CMA”) against the former Executive Managing Director, Mr. Waleed Yousuf Abdulrazzaq Al-Ghamlas, based on the resolution of the Ordinary General Assembly approving the filing of a liability lawsuit against him. This announcement is issued to disclose the commencement of the relevant regulatory and legal procedures aimed at safeguarding the rights of the Company and its shareholders.
Previous Announcement	Morabaha Marina Financing Company’s announcement of the results of the Ordinary General Assembly Meeting (First Meeting).
Date of Previous Announcement on Saudi Exchange’s Website	2025-04-20 Corresponding to 1446-10-22
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	With reference to Morabaha Marina Financing Company’s announcement dated 20/04/2025G, which included the approval of the Ordinary General Assembly to file a liability lawsuit against the former Executive Managing Director, Mr. Waleed Yousuf Abdulrazzaq Al-Ghamlas, the Company would like to clarify that, based on that resolution, it has initiated legal actions by filing formal complaints with the Capital Market Authority against the aforementioned individual, including claims to obligate him to compensate the Company for the damages and losses that the Company alleges it has incurred as a result of the acts and conduct that are the subject of the liability lawsuit. The Company will disclose any material developments related to these complaints – including any material financial impact, if any – in due course in accordance with the applicable rules and regulations. The Company reaffirms to its esteemed shareholders its commitment to taking all necessary regulatory and legal measures to safeguard its interests and the rights of its shareholders.
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not applicable

Announcement by Morabaha Marina Financing Company on the Latest Developments Regarding the Liability Lawsuit Against the Former Executive Managing Director