Element List	Explanation
Introduction	With reference to Tasnee’s announcement published on Tadawul on 02/03/2026 regarding the signing of a Share Purchase Agreement for the sale of 100% of the share capital of Al Rowad Industrial Transformation Company (the “Target Company”) to Saudi Holding Company for Conversion Industries (“Tahweel Holding”) for the purpose of Tahweel Holding’s acquisition of 100% of the share capital of the Target Company (the “Transaction”), Tasnee would like to announce the latest developments relating to the Transaction
Previous Announcement	National Industrialization Co. Announces the Selling of Subsidiary in the amount of Saudi Riyal 700 million
Date of Previous Announcement on Saudi Exchange’s Website	2026-03-02 Corresponding to 1447-09-13
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Tasnee announces that the General Authority for Competition has issued a no-objection letter in relation to the economic concentration associated with the Transaction. This represents the fulfillment of one of the condition precedents to the completion of the Transaction in accordance with the terms of the relevant Agreement.
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not applicable
Additional Information	The parties to the Transaction will continue to work towards satisfying the remaining conditions, requirements and procedures necessary for the closing and completion of the Transaction. Any material developments in this regard will be announced in due course, in accordance with the applicable laws, regulations and rules