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Element List	Explanation
Introduction	With reference to Almunajem Foods Company's announcement published on Tadawul on January 19, 2026, regarding its communication with Al-Jouf Agricultural Development Company to enter into preliminary, non-binding discussions to explore the possibility of Almunajem Foods Company becoming a strategic investor. These discussions relate to the potential acquisition of a minority stake in Al-Jouf Agricultural Development Company through a capital increase, with the suspension of preemptive rights for existing shareholders in accordance with Article 129 of the Companies Law. Under the proposed arrangement, Almunajem Foods Company would subscribe to new shares at a price of SAR 52.5 per share
Previous Announcement	Announcement by Almunajem Foods Company its intention to enter as a strategic investor in Al Jouf Agricultural Development Company
Date of Previous Announcement on Saudi Exchange’s Website	2026-01-19 Corresponding to 1447-07-30
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Almunajem Foods Company announces that it has received a consent letter from Al-Jouf Agricultural Development Company dated at 1st February 2026 , to enter into preliminary, non-binding discussions to explore the possibility of Almunajem Foods Company becoming a strategic investor in Al-Jouf Agricultural Development Company. This would be achieved through the acquisition of a minority stake in Al-Jouf Agricultural Development Company via capital increase, with the suspension of preemptive rights for existing shareholders. The subscription price for Almunajem Foods Company would be SAR 52.5 per share, subject to the fulfillment of the following conditions: 1- The capital increase must not exceed 15% of the total capital of Al-Jouf Agricultural Development Company. 2- A binding contract or contracts must be signed, including due diligence. 3- Approval must be obtained from the Extraordinary General Assembly and all other regulatory approvals required from any relevant authority
Reasons For The Delay on The Date of The Event Previously Announced	N/A
The costs associated with the event, and if they have changed or not with indication of the reasons.	N/A
Delay consequences on the Company’s financial results	N/A
Additional Information	Accordingly, Almunajem Foods Company will proceed to take the necessary actions to move forward with this potential investment.

Almunajem Foods Co. Announces an update on Announcement by Almunajem Foods Company its intention to enter as a strategic investor in Al Jouf Agricultural Development Company