Theeb Rent a Car Company Announces the Latest Developments Regarding its Contract Signing with Hunger Station Company

Element List	Explanation
Introduction	Referring to the announcement by Theeb Rent a Car Company (“the Company”) dated 01-07-1447H, corresponding to 21-12-2025G, regarding the signing of a contract with HungerStation Company, The Company announces the signing of an amendment to the aforementioned contract, aimed at expanding the scope of cooperation between both parties and boosting the Company’s operational activities as part of its strategic growth and expansion plan
Previous Announcement	Theeb Rent a Car Co. Announces Contract Sign Off with Hunger Station Company
Date of Previous Announcement on Saudi Exchange’s Website	2025-12-21 Corresponding to 1447-07-01
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Theeb Rent a Car Company announces the signing of an amendment to the above-mentioned contract with HungerStation Company, which includes expanding the scope of cooperation between the two parties. The value of this amendment amounts to SAR 106,752,000, excluding VAT. The vehicles will be delivered in batches during the first six months from the date of commencement of the amendment’s implementation, taking into consideration any global logistical circumstances or procedures beyond the control of the dealers and the Company.
Reasons For The Delay on The Date of The Event Previously Announced	Not applicable
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	Not applicable
Additional Information	The financial impact is expected to commence during the first half of the fiscal year 2027, with revenues to be recognized gradually from the date of commencement of the amendment’s implementation and delivery of the vehicles.