premargin

Element List	Explanation
Introduction	With reference to the announcement by BAAN Holding Group (the "Company") on Tadawul dated 28/06/1446H (corresponding to 29/12/2024G), in which the Company announced the execution of two agreements to purchase real estate assets through a capital increase and issuance of new shares to the sellers of the real estate assets (the "Transactions"), the Company would like to announce the latest developments on the Real Estate Transactions.
Previous Announcement	The execution of two binding agreements to purchase a number of real estate assets by increasing the Company’s capital and issuing new shares as consideration for such assets.
Date of Previous Announcement on Saudi Exchange’s Website	2024-12-29 Corresponding to 1446-06-28
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Whereas each of the Transactions' agreements mandate the satisfaction of all conditions precedent for each of the Transactions within one year from the date of executing the relevant agreement (the "Longstop Date"), meaning that the Longstop Date is 08/07/1447H (corresponding to 28/12/2025G); and whereas the Company is still working to fulfil the conditions for completing the Transactions, including obtaining approval from the Capital Market Authority and Saudi Exchange Company. The Company would like to announce that it has been agreed with each of Al Oula Real Estate Development Company and Ajdan Real Estate Development Company, with respect to the Al Oula Transaction, and Abdul Mohsen Abdulaziz Al Hokair Holding Group Co. ("Al Hokair Holding Company"), with respect to the Al Hokair Holding Transaction, to extend the Longstop Date such that the revised longstop date for each of the Al Oula Transaction and the Al Hokair Holding Transaction, is 12/09/1447H (corresponding to 01/03/2026G). It should be noted that the Transactions remain subject to obtaining the necessary approvals from the different regulatory authorities and the extraordinary general assembly of the Company. The Company will announce any subsequent material developments upon their occurrence in accordance with the applicable rules and regulations.
The costs associated with the event, and if they have changed or not with indication of the reasons.	No financial impact.

BAAN Holding Group announces the latest developments regarding the two previously announced transactions to purchase a number of real estate assets by increasing the Company’s capital and issuing new shares as consideration for such assets