| Introduction | Further to the Company’s announcement regarding the lawsuit filed against the former members of the Board of Directors for the term from 10 February 2010 to 9 February 2013 before the Capital Market Authority, seeking compensation for the Company jointly and severally in the amount of SAR 100 million, the Company wishes to inform its shareholders that it has received an update from its legal counsel: Ahmed bin Othman Al-Huqail, Abdulilah bin Abdullah Al-Shuhail, and Saad bin Fahd Al-Khanfari – Ahmed bin Othman Al-Huqail and Partners Law Firm for Legal Advocacy and Legal Consultations, in relation to the case. |
| Previous Announcement | The case filed against the former members of the Board of Directors for the term from 10 February 2010 to 9 February 2013 before the Capital Market Authority – Committee for the Resolution of Securities Disputes, seeking compensation, jointly and severally, in the amount of SAR 100,000,000. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-04-23 Corresponding to 1447-11-06 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The defendants have filed an appeal before the Committee for the Resolution of Securities Disputes. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Any material developments will be announced in due course, God willing. |