| Element List | Explanation |
|---|---|
| Introduction | With reference to Seera Group Holding’s (the “Company”) announcement made on 23/12/1446H Corresponding to 19/06/2025G on the Saudi Exchange’s website regarding the board of director’s recommendation to decrease of the Company’s capital, the Company is pleased to announce that it submitted the capital decrease file to the Capital Market Authority. |
| Date of Submitting the Application File to CMA | 2025-12-04 Corresponding to 1447-06-13 |
| Application Subject | Capital reduction through the cancellation of (25,951,348) ordinary shares of the treasury shares, including (2,034,737) ordinary shares of the total treasury shares allocated to the employee share program. This is due to the capital exceeding the Company’s needs. |
| Date of Announcing Board Recommendation to Decrease the Company’s Capital on Saudi Exchange’s Website | 2025-06-19 Corresponding to 1446-12-23 |
| Additional Information | The capital decrease is subject to regulatory approvals and the approval of the Company’s Extraordinary General Assembly. The Company will announce any material development as required by applicable rules. It is worth noting that the reduction will be from the company’s treasury shares only, and will not include the shares owned by the other shareholders. |