| Introduction | Reference to the Company’s announcement published on the Saudi Stock Exchange website on 02/03/2025G regarding the signing of a non-binding memorandum of understanding to acquire 51% of the capital of Ebdaa Al Qasr Marketing Company “Limited Liability Company”, the company is announcing the termination of the non-binding Memorandum of Understanding, as the parties were unable to reach an agreement. |
| Previous Announcement | Abdullah Al Othaim Markets Company” The Company” Announcement with regarding the signing of a non-binding Memorandum of Understanding to acquire a %51 stake in the capital of Ebdaa Al Qasr Marketing “LLC”. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-03-02 Corresponding to 1446-09-02 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Termination of the non-binding memorandum of understanding without reaching the final agreement between the parties. |
| 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. | Approximately SAR one million is the cost of the financial and legal due diligence. |
| Delay consequences on the Company’s financial results | None |