Altharwah Albashariyyah Co. (Tharwah) Announces the Signing of a Memorandum of Understanding with Sadu Business Solutions Company

Element List	Explanation
Introduction	Altharwah Albashariyyah Co. (Tharwah) announces the signing of a Memorandum of Understanding (MoU) with Sadu Business Solutions Company to establish a preliminary framework for cooperation between the two parties and to leverage their complementary expertise and capabilities in the fields of consulting, technology solutions, training, human resources solutions, and exhibitions and events management. The Memorandum comes as part of the parties' efforts to explore opportunities for cooperation and partnership in initiatives and projects of mutual interest, contributing to the exchange of expertise and the development of future business opportunities in accordance with the terms to be agreed upon between the parties.
Memorandum Signing Date	2026-07-07 Corresponding to 1448-01-22
Counterparty	Sadu Business Solutions Company
Memorandum Subject	The Memorandum of Understanding aims to establish a preliminary framework for cooperation between Altharwah Albashariyyah Co. (Tharwah) and Sadu Business Solutions Company. Areas of cooperation include, but are not limited to, the following: • Identifying areas of mutual interest in line with the strategic objectives of both parties. • Exploring projects that may be implemented jointly by the parties. • Agree on an operating model that defines the framework for cooperation and partnership. • Exchanging ideas and investment insights regarding projects that either party intends to undertake in cooperation with the other party. • Exploring opportunities to establish alliances and partnerships in major projects as may be agreed upon by the parties at a later stage.
Memorandum Duration	The term of the Memorandum shall be twenty-four (24) Gregorian months commencing from the signing date and may be renewed upon the written agreement of both parties.
Related Parties	None
Financial Impact	No direct financial obligations shall arise for either party under this Memorandum at this stage, and any potential financial impact cannot be determined at the present time. Any financial impact will be disclosed when binding implementation agreements or contracts are entered into in the future, if applicable.
Additional Information	This Memorandum of Understanding serves as a preliminary framework for organizing cooperation between Altharwah Albashariyyah Co. (Tharwah) and Sadu Business Solutions Company and does not constitute a final binding contractual commitment on either party. No legal obligations shall arise unless and until final agreements covering some or all the areas of cooperation set out in the memorandum are executed. The Company will announce any material developments related to this memorandum in due time.