Element List	Explanation
Introduction	Altharwah Albashariyyah Co. (Tharwah) announces the signing of a memorandum of understanding with Shamail Development and Development Co., with the aim of enhancing cooperation in the areas of technological development, the provision of technical and social behavior consulting services, and the organization of workshops to strengthen partnerships, exchange expertise, and explore business opportunities of mutual interest.
Memorandum Signing Date	2025-11-17 Corresponding to 1447-05-26
Counterparty	Shamail Development and Improvement Company
Memorandum Subject	Enhancing cooperation in the fields of technological development, the provision of technical and social behavior consulting services, and the organization of workshops to strengthen partnerships and exchange expertise.
Memorandum Duration	One year from the signing date, renewable upon mutual agreement of both parties
Related Parties	No Related Parties
Financial Impact	There are no financial obligations on either party at this stage under this memorandum of understanding, and any potential financial impact cannot be determined at the present time. Any material financial impact will be disclosed in the event that future agreements or contracts are executed, if any.
Additional Information	The memorandum of understanding serves as a framework to govern the cooperation between Altharwah Albashariyyah Co. (Tharwah) and Shamail Development and Improvement Co., and does not constitute a final binding contractual obligation. When needed, the relevant contracts or agreements will be executed in accordance with the applicable laws and regulations. The company will announce any material developments related to this memorandum in due time.