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Element List	Explanation
Introduction	Al-Rashid Industrial Company announces the acquisition of an existing factory site located in the First Industrial City in Al-Qassim, including the buildings and all lease agreements with the Industrial Cities Authority, with a total area of 5,400 square meters.
Transaction Details	The acquisition of a factory site located in the First Industrial City in the Qassim region, including the existing buildings and all lease agreements with the Industrial Cities Authority, has been completed. All required approvals from the Industrial Cities Authority have also been finalized.
Transaction Amount	1,900,000
Transaction Conditions	Industrial Cities Authority approvals
Parties of the Transaction	First Party: Innovation International Factory for Industry Second Party: Al-Rashid Industrial Company
Transaction Financing Method	Self-financing.
Date of Entering Into The Transaction	2025-11-20 Corresponding to 1447-05-29
Description of Activity of The Asset Subject of The Transaction	The site consists of an industrial plot located within the First Industrial City in Al-Qassim, on which industrial buildings have been constructed.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	NA
Transaction reasons	As part of the company’s strategic expansion plans for plastic products
Expected Impact of the Transaction on the Company and Its Operations	The transaction is expected to have a positive impact on expanding the company’s production lines and increasing its market share in the coming years.
Related Parties	NA