Element List	Explanation
Previous Announcement	Announcement by Mohammed Hadi Al-Rasheed & Partners Co. regarding the signing of a preliminary, non-binding Memorandum of Understanding with Tayf Shipping Co.
Date of Previous Announcement on Saudi Exchange’s Website	2025-10-20 Corresponding to 1447-04-28
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Mohammed Hadi Al-Rasheed & Partners Co. announces the extension of the non-binding Memorandum of Understanding with Tayf Shipping Co. for an additional period of (90) days from the expiry date of the previous term, in order to discuss and evaluate the investment aspects and to complete the related regulatory procedures associated with the investment.
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not applicable.
Delay consequences on the Company’s financial results	There is no financial impact at this time.
Additional Information	The Company will announce any material developments regarding the Memorandum of Understanding in due course.