premargin

Element List	Explanation
Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website	2026-01-08 Corresponding to 1447-07-19
Hyperlink to the Previous Announcement	Click Here
Incorrect statements in the previous announcement	Operating profit (loss) for the previous year 26,490,206 Net profit (loss) for the previous year 37,976,345 Total comprehensive income for the previous year 37,814,113 Earnings (loss) per share for the previous year 0.316
Correct Statement	Operating profit (loss) for the previous year (2023) -26,490,206 Net profit (loss) for the previous year (2023) -37,976,345 Total comprehensive income for the previous year (2023) -37,814,113 Earnings (loss) per share for the previous year (2023) -0.316
Additional Information	The Company notes that, pursuant to Article Five of the Procedures and Instructions for Companies Whose Shares Are Listed on the Financial Market and whose accumulated losses have reached 20% or more, specifically with regard to accumulated losses reaching 50% or more of the Company’s capital. The Company announces that the accumulated losses amounted to SAR 114,441,576 as of 31 December 2024, representing 95.37% of the Company’s capital. The Board of Directors was informed of these losses on 08/01/2026. The losses are mainly attributable to the recognition of non-cash losses, represented by provisions recorded over the years 2022, 2023, and 2024, with retrospective effect on the opening balances prior to 2022. The following provisions were recorded: Provision for expected credit losses on trade receivables Provision for expected credit losses on contract assets Provision for inventory impairment In addition, receivable and payable balances were re-evaluated and provisions were recorded accordingly. The method of revenue recognition and the manner of recording revenues within contract assets for prior years were also re-evaluated. The Company is currently studying the available options to reduce the accumulated losses and will announce them once approved by the Board of Directors. The Board of Directors has also recommended initiating the required procedures and complying with the relevant laws and regulations applicable to companies whose accumulated losses exceed 50% of capital, in terms of disclosure and the preservation of shareholders’ rights and interests. Accordingly, the Board of Directors will call for an Extraordinary General Assembly before 30/06/2026.

Correction announcement from Keir International Co. in regards to the annual financial results for the period ended 31/12/2024.