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Element List	Explanation
Introduction	With reference to the announcement published by Ghida Al sultan company on the Tadawul website on 20/05/1447 AH (corresponding to 11/11/2025 AD) regarding the signing of a memorandum of understanding concerning the acquisition of 100% of Simple Burger Establishment, Ghida Al sultan company announces the conclusion of the acquisition agreement with Simple Burger Establishment on 21/08/1447 AH (corresponding to 09/02/2026 AD), for the purpose of acquiring (100%) Simple Burger Establishment for meal services.
Transaction Details	Signing an agreement for the purpose of acquiring Simple Burger Establishment (100%), where the value of the agreement is SAR 23.8 million, in three installments after fulfilling the conditions agreed upon between the two parties as stipulated in the acquisition agreement.
Transaction Amount	The agreement is worth 23.8 million Saudi Riyals.
Transaction Conditions	The agreement is subject to obtaining the approvals of the competent regulatory authorities, and is also subject to obtaining a license from the Ordinary General Assembly of Ghida Al Sultan Food Company, in accordance with Article (27) and Article (71) of the Companies Law, due to the indirect interest of the Chairman of the Board of Directors, Mr. Arif Al Misbahi, and the CEO, Mr. Majid Al Misbahi, by virtue of their kinship with the owner of Simple Burger Restaurant, as well as fulfilling some other conditions and approvals in accordance with the terms and conditions of the agreement.
Parties of the Transaction	1. Ghida Al-Sultan Company (Buyer). 2. Simple Burger Establishment (Seller).
Transaction Financing Method	Company internal resources
Date of Entering Into The Transaction	2026-02-09 Corresponding to 1447-08-21
Description of Activity of The Asset Subject of The Transaction	The Simple Burger Restaurant operates in the food service sector, specializing in burgers. It opened in late 2022 with a single branch and continued its expansion by opening a second branch at the end of 2024. The restaurant is currently in a phase of gradual growth and expansion, focusing on strengthening its market presence and improving operational efficiency to support its expansion plans.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	Revenues: 2023: (11,000,000) riyals 2024: (14,400,000) riyals 2025: (19,072,043) riyals
Transaction reasons	The acquisition aims to contribute to achieving the investment strategy by expanding in the fast food sector and exploiting growth opportunities in related markets.
Expected Impact of the Transaction on the Company and Its Operations	The positive financial impact is expected to materialize after the transaction is completed, subject to obtaining final regulatory approvals.
Related Parties	There is an indirect interest for both: 1- Mr. Arif Qaid Ali Al-Misbahi: Chairman of the Board of Directors of the company. 2- Mr. Majid Arif Qaid Al-Misbahi: CEO of the company. This is due to their familial relationship with the owner of Simple Burger.

Ghida Alsultan for Fast Food Co. Announces the Purchasing of .Acquisition of Simple Burgers, a fast-food chain in the amount of The agreement is worth 23.8 million Saudi Riyals.