| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2026-07-07 Corresponding to 1448-01-22 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | Capital after decrease SAR 154,753,000 Percentage of Capital decrease 32.716% Method of Capital Decrease The Company's capital will be reduced by SAR 75,247,000 by reducing the nominal value of each ordinary share from SAR 10.00 to SAR 6.73, while maintaining the same number of issued shares. Additional Information Capital before increase: SAR 154,753,000 Capital after increase: SAR 314,753,000 Percentage of capital increase: 103.39% Number of shares after increase: 46,779,830 shares Approval of the Extraordinary General Assembly for the proposed capital increase through a rights issue is conditional upon its approval of the proposed capital reduction. |
| Correct Statement | Capital after decrease SAR 154,790,000 Percentage of Capital decrease 32.70% Method of Capital Decrease The Company's capital will be reduced by SAR 75,210,000 by reducing the nominal value of each ordinary share from SAR 10.00 to SAR 6.73, while maintaining the same number of issued shares. Additional Information Capital before increase: SAR 154,790,000 Capital after increase: SAR 314,789,995.85 Percentage of capital increase: 103.37% Number of shares after increase: 46,774,145 shares The approvals of the Extraordinary General Assembly for the Company's capital reduction and Capital increase through rights issue are conditional upon each other and shall both be obtained at the same Extraordinary General Assembly meeting. |