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Element List	Explanation
Introduction	Al‑Jouf Agricultural Development Company announces to its esteemed shareholders the following: The Board of Directors, on 09-08-1447 H corresponding to 28-01-2026 G, approved proceeding with the project to connect electricity to the company’s facilities in Busaita Center, Al‑Jouf Region, as part of the Liquid Fuel Displacement Program, with an estimated budget of SAR 500,000,000. The project is expected to be completed within 18 months from the start of implementation, and any developments regarding the matter will be announced in due course. This decision aligns with the Kingdom of Saudi Arabia’s Vision 2030 toward transitioning to clean energy and supports the company’s objectives of reducing energy costs and enabling future business expansion by providing the required energy capacity. Details regarding the project implementation contract — including its value and funding mechanism — will be announced at a later stage.
Date of Board Resolution in Regard to the Project	2026-01-28 Corresponding to 1447-08-09
Project Start Date	To be determined later. Any developments will be disclosed once available.
Project Cost	500,000,000 SAR
Financing method for the project	The company will study the available financing options, and any updates will be disclosed once available.
Expected completion date of the project	The project is expected to be completed within 18 months from the start of implementation, and any developments will be announced when available.
Expected Financial Impact of the Project on the Company’s Results	To be determined later. Any developments will be disclosed once available.
The Start of the Expected Impact of the Project on the Company’s Results	To be determined later. Any developments will be disclosed once available.
Expected Date for the Pilot Production of the Project to Begin	Not applicable
Duration of the pilot production of the project	Not applicable
Expected date for the commercial production of the project	Not applicable
Executing Party/Counter Party in the Project/Contract	To be determined later. Any developments will be disclosed once available.
Related Parties	None
Additional Information	All necessary approvals from the relevant authorities will be obtained, and implementation will follow the specifications approved by the competent regulatory agencies. The company will also comply with all directives and requirements set by supervisory authorities related to the project.

Al-Jouf Agricultural Development Company Announces the Board of Directors’ Resolution Regarding the Project to Connect Electricity to the Company’s Facilities in Busaita Center, Al-Jouf Region, Under the Liquid Fuel Displacement Program