| Introduction | With reference to the announcement of Sinad Holding Company published on 30-07-2025 regarding its commitment to subscribe as the cornerstone investor with a total of 6,666,666 shares in the initial public offering of Dar Al Majed Real Estate Company (Almajdiah), representing approximately 2.22% of its share capital, the Company announces that the final offering price has been set at SAR 14 per share, and in line with its commitment, the Company has subscribed to the full number of shares committed and paid the total subscription amount of SAR 93.3 million, and the Company was informed, on 20-08-2025, that the full allocation of the subscribed shares, as detailed above, has been confirmed. |
| Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website | 2025-07-30 Corresponding to 1447-02-05 |
| Hyperlink to the Previous Announcement | Click Here |
| Change on the Development | The final offering price has been set at SAR 14 per share, and in line with its commitment, the Company has subscribed to the full number of shares committed and paid the total subscription amount of SAR 93.3 million, and the Company was informed, on 20/08/2025, that the full allocation of the subscribed shares, as detailed above, has been confirmed. |
| Financial Impact on the change | None |