| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2026-01-18 Corresponding to 1447-07-29 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | 1. Voting on the increase of the Company’s capital through the conversion of the debts owed to Alinma Bank, amounting to a total of SAR 73,679,968 (seventy-three million six hundred seventy-nine thousand nine hundred sixty-eight Saudi Riyals), by issuing new shares in favor of Alinma Bank and Alinma Capital, provided that the issue price of such shares shall be determined based on the closing price of the trading day preceding the date of the Extraordinary General Assembly convened for the transaction, in accordance with the terms and conditions set out in the settlement agreements entered into with Alinma Bank, and as detailed in the Shareholders’ Circular. This includes voting on the following matters related to the transaction: A. Voting on the terms and conditions of the settlement agreement entered into with Alinma Bank in relation to the capital increase through debt conversion. |
| Correct Statement | The Company would like to clarify that the terms and conditions of the settlement agreement entered into with the Company include both Alinma Bank and Alinma Capital. 1. Voting on the increase of the Company’s capital through the conversion of the debts owed to Alinma Bank, amounting to a total of SAR 73,679,968 (seventy-three million six hundred seventy-nine thousand nine hundred sixty-eight Saudi Riyals), by issuing new shares in favor of Alinma Bank and Alinma Capital, provided that the issue price of such shares shall be determined based on the closing price of the trading day preceding the date of the Extraordinary General Assembly convened for the transaction, in accordance with the terms and conditions set out in the settlement agreements entered into with Alinma Bank and Alinma Capital, and as detailed in the Shareholders’ Circular. This includes voting on the following matters related to the transaction: A. Voting on the terms and conditions of the settlement agreement entered into with Alinma Bank and Alinma Capital in relation to the capital increase through debt conversion. |