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Saudi Industrial Export Company (SIEC) received the full return of its subscription funds from the Fund Manager on February 24, 2026.
The refund follows the cancellation of the FAAD Industrial Fund offering, which failed to reach the minimum capital required for launch during its offering period.
The company confirmed there is no material financial impact on its financial statements as a result of the fund's cancellation or the return of capital.

Element List	Explanation
Introduction	Further to the announcement by Saudi Industrial Export Company (SIEC) dated 19/06/1447H corresponding to 10/12/2025G regarding the receipt of a notification from the Fund Manager stating that the offering period of the FAAD Industrial Fund had ended without raising the minimum required capital to launch and operate the Fund during the offering period, and as the offering was not fully subscribed, it has been resolved to cancel the offering in accordance with the applicable regulatory provisions under the Investment Funds Regulations.
Previous Announcement	Saudi Industrial Export Company Announces an update on announced the latest developments regarding the signing of a non-binding memorandum of understanding between its subsidiary, Haddaj Investment Company, and Nama Chemicals Company to acquire a stake in Jubail Chemical Industries Company (JANA), a subsidiary of Nama Chemicals Company.
Date of Previous Announcement on Saudi Exchange’s Website	2025-12-10 Corresponding to 1447-06-19
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The Company announces that it has received the full subscription amount previously transferred to its investment account with the Fund Manager on 24/02/2026. The Company confirms that there is no material financial impact on its financial statements as a result.
Reasons For The Delay on The Date of The Event Previously Announced	NONE
The costs associated with the event, and if they have changed or not with indication of the reasons.	NONE
Delay consequences on the Company’s financial results	NONE
Additional Information	NONE