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Element List	Explanation
Introduction	Thob Al Aseel Company announces that it has signed a non-binding Memorandum of Understanding (MoU) with Al-Tuwaijri Men’s Accessories Company, pursuant to which the two companies have agreed to commence discussions to study the potential acquisition by Thob Al Aseel Company of 100% of the ownership interests in Al-Tuwaijri Men’s Accessories Company. This step comes as part of the Company’s expansion plans and its strategy to enhance business growth.
Date of signing the Memorandum of Understanding	2026-02-09 Corresponding to 1447-08-21
Memorandum Duration	Six (6) months from the date of signing this Memorandum, renewable by mutual agreement of the parties.
Name of the Counterparty	Al-Tuwaijri Men’s Accessories Company (a limited liability company).
Name of Financial Advisor of Each Party	No financial advisor has been appointed at this stage. Specialized advisors will be appointed to conduct the required due diligence. Any material developments relating to the final acquisition agreement will be announced in due course.
Major Terms in the Memorandum	The Memorandum of Understanding includes a number of customary provisions governing confidentiality, exclusivity, and restrictions on certain material actions. It should be noted that the completion of the potential transaction is subject to the two parties reaching agreement on a final binding agreement. The consideration for the transaction will be determined based on the results of the financial valuation and due diligence. The potential transaction may be financed through a capital increase and the issuance of shares, through the Company’s cash flows, through a combination of both, or through any other method, subject to the terms and conditions to be agreed upon by the parties in the final binding agreement.
Related Parties	None.
Actions to be Taken by the Company during the Memorandum’s Duration	Evaluating the investment opportunity and conducting the necessary due diligence.
Approvals	The proposed transaction is subject to obtaining the required regulatory approvals from the competent authorities, in addition to the approval of the Extraordinary General Assembly of Thob Al Aseel Company.
Additional Information	Thob Al Aseel Company confirms that the Memorandum of Understanding does not constitute a final agreement and does not create any binding obligations to complete the transaction. Any material developments will be disclosed in due course in accordance with the relevant laws and regulations.

Thob Al Aseel Company Announces the Signing of a Non-Binding Memorandum of Understanding to Acquire 100% of Al-Tuwaijri Men’s Accessories Company