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Element List	Explanation
Introduction	With reference to Yanbu Cement Company’s announcement published on the Saudi Exchange website on 23-06-2024 regarding the signing of a non-binding memorandum of understanding (MoU) with Southern Province Cement Company to study the feasibility of a potential merger between the two companies. The two companies have agreed to extend the memorandum of understanding for an additional three (3) months.
Previous Announcement	The announcement of signing a non-binding memorandum of understanding between Yanbu Cement Company and Southern Province Cement Company
Date of Previous Announcement on Saudi Exchange’s Website	2024-06-23 Corresponding to 1445-12-17
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The two companies have agreed to extend the non-binding memorandum of understanding for an additional Three (3) months starting from 23-06-2025, in order to complete the process of studying the potential securities exchange deal and the due diligence process, covering operational, technical, financial, legal, and actuarial aspects. The Company will disclose any material developments in due course in accordance with the applicable laws and regulations.
Reasons For The Delay on The Date of The Event Previously Announced	Not Applicable
The costs associated with the event, and if they have changed or not with indication of the reasons.	There are no additional costs associated with the extension of the Memorandum of Understanding.
Delay consequences on the Company’s financial results	Not Applicable

Yanbu Cement Company Announces the Latest Developments Regarding the Non-Binding Memorandum of Understanding Signed with Southern Province Cement Company