Al-Jouf Agricultural Development Co. announces the issuance of the board of directors’ resolution approving the signing of a subscription agreement with Almunajem Foods Company

Element List	Explanation
Introduction	With reference to the announcement of Al-Jouf Agricultural Development Co. (the “Company”) published on the Saudi Exchange (Tadawul) website on 13-08-1447H corresponding to 01-02-2026G, regarding the Board of Directors' resolution approving the commencement of preliminary non-binding discussions with AlMunajem Foods Company ("AlMunajem") to explore the possibility of its participation as a strategic investor in the Company through the acquisition of a minority stake by way of a capital increase with suspension the of pre-emptive rights, at a subscription price of SAR 52.5 per share in favor of AlMunajem, provided that the capital increase does not exceed 15% of the Company's total share capital, that one or more binding agreements are executed following the completion of the due diligence process, and that the approval of the Company's Extraordinary General Assembly and all required regulatory approvals from the competent authorities are obtained, the Company announces the approval by the Company’s board of directors on 11-02-1448H (corresponding to 25-07-2026G) of 1- the signing of a binding share subscription agreement (the “Subscription Agreement”) between the Company and AlMunajem 2- the delegation to the Chairman of the board of directors, or any person delegated by him, to execute the Subscription Agreement. Following the signing of the agreement, it will be submitted to the Capital Market Authority and other relevant regulatory authorities to obtain the necessary approvals. Once the required approvals have been secured, an Extraordinary General Assembly meeting will be convened to vote on the agreement. The name of the financial advisor of the Company: Sadeed Financial Company
Previous Announcement	Al-Jouf Agricultural Development Co. Announces an update on Al-Jouf Agricultural Development Co. Announces the Receipt of a Letter from Almunajem Foods Company Expressing Its Desire to Acquire a Minority Stake in the Company as a Strategic Investor.
Date of Previous Announcement on Saudi Exchange’s Website	2026-02-01 Corresponding to 1447-08-13
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The Board of Directors of Al-Jouf Agricultural Development Company has approved the signing of a binding subscription agreement with Almunajem Company and authorized the Chairman of the Board, or his delegate, to execute the agreement. Subsequently, the matter will be submitted to the Capital Market Authority and the relevant authorities to obtain the necessary approvals. Thereafter, an Extraordinary General Assembly meeting will be convened to vote on the resolution. Following the signing of the agreement, it will be submitted to the Capital Market Authority and other relevant regulatory authorities to obtain the necessary approvals. Once the required approvals have been secured, an Extraordinary General Assembly meeting will be convened to vote on the agreement.
The costs associated with the event, and if they have changed or not with indication of the reasons.	N/A