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Announcement Detail	Artex Industrial Investment Company announces the Board of Directors' decision issued on Thursday, 01/29/1446 AH (corresponding to 07/24/2025 AD), approving the subscription to the capital increase of Red Sea Cables Company, maintaining its 27% ownership stake. The increase is valued at SAR 15,552,000, compared to the subscription of 864,000 shares. This step is part of the company's strategy to maintain its profitable investments and support the growth of its peer companies with advanced performance. Red Sea Cables Company has demonstrated positive indicators in its financial results and operational expansion. The company would also like to clarify that its Chairman, Mr. Sulaiman bin Omar Al-Abdullatif, also serves as Chairman of the Board of Directors of Red Sea Cables Company. The decision was handled in accordance with the approved conflict of interest policy. The relevant party abstained from voting on the board's decision, and there are no preferential terms. Any relevant material developments will be announced later.

Element List

Explanation

Announcement Detail

Artex Industrial Investment Company announces the Board of Directors' decision issued on Thursday, 01/29/1446 AH (corresponding to 07/24/2025 AD), approving the subscription to the capital increase of Red Sea Cables Company, maintaining its 27% ownership stake. The increase is valued at SAR 15,552,000, compared to the subscription of 864,000 shares.

This step is part of the company's strategy to maintain its profitable investments and support the growth of its peer companies with advanced performance. Red Sea Cables Company has demonstrated positive indicators in its financial results and operational expansion.

The company would also like to clarify that its Chairman, Mr. Sulaiman bin Omar Al-Abdullatif, also serves as Chairman of the Board of Directors of Red Sea Cables Company. The decision was handled in accordance with the approved conflict of interest policy. The relevant party abstained from voting on the board's decision, and there are no preferential terms.

Any relevant material developments will be announced later.

Artex Industrial Investment Company announces the Board of Directors' decision to approve the subscription to the capital increase of the Red Sea Cables Company.