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Element List	Explanation
Introduction	Further to the announcement made by Elm Company (the "Company" or “Elm”) on the Saudi Stock Exchange (Tadawul) website on 22-07-1446H (corresponding to 22-01-2025G) in respect of the signing of a share purchase agreement on 21-07-1446H (corresponding to 21-01-2025G) (the "SPA") with the Public Investment Fund (the "PIF"), for the purpose of acquiring the entire shares held by the PIF in Thiqah Business Services Company ("Thiqah"), Elm Company is pleased to announce the completion of the regulatory process related to the Acquisition and the completion of the sale and purchase of the Shares.
Acquisition Procedures Conclusion Date	2025-04-21 Corresponding to 1446-10-23
Summary of Acquisition / Purchase	The procedures for Elm Company’s Acquisition of the entire shares held by the PIF in Thiqah have been completed following the satisfaction of the condition precedents stipulated in the SPA, and the Acquisition purchase price has been paid by Elm Company to the PIF as agreed in the SPA through Elm Company's own resources and facilities.
Related Parties	The PIF is a substantial shareholder in Elm Company. The members of the Board of Directors, Mr. Raed Ismail and Mr. Abdullah Al-Salem, also have an indirect interest in the Acquisition, which have been authorized by the ordinary general assembly on 17-09-1446H (corresponding to 17-03-2025G).
Financial Impact	The financial impact on the company's financial statements will appear starting from the second quarter of the year 2025.
Ownership and Legal Documents Transfer Conclusion Date	23-10-1446H (corresponding to 21-04-2025G).

Elm Company announces the completion of procedures to acquire the entire shareholding of the Public Investment Fund in Thiqah Business Services Company