| Element List | Explanation |
|---|---|
| Introduction | With reference to Al Hassan Ghazi Ibrahim Shaker Co.’s previous announcement titled “Al Hassan Ghazi Ibrahim Shaker Co. Announces an Update on Al Hassan Ghazi Ibrahim Shaker, LG Electronics, and the Ministry of Investment Saudi Arabia (MISA) Sign an MOU to Explore Local Manufacturing of AC Compressors in Saudi Arabia”, published on the Saudi Exchange (Tadawul) website on 19/02/2025G, regarding the extension of the term of the Memorandum of Understanding. Al Hassan Ghazi Ibrahim Shaker Co. announces the expiry of the term of the Memorandum of Understanding without renewal or the execution of a binding agreement. The Company confirms that such expiry does not result in any financial obligations on the Company and has no impact on the Company’s financial position or results of operations. |
| Previous Announcement | Al Hassan Ghazi Ibrahim Shaker Co. Announces an update on Al Hassan Ghazi Ibrahim Shaker, LG Electronics, and the Ministry of Investment Saudi Arabia (MISA) Sign an MOU to Explore Local Manufacturing of AC Compressors in Saudi Arabia |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-02-19 Corresponding to 1446-08-20 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Expiry of the term of the Memorandum of Understanding without renewal or the execution of a binding agreement. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable. |
| Delay consequences on the Company’s financial results | Not applicable. |
| Additional Information | There is no additional information to disclose at this stage. |
