Theeb Rent a Car Company Announces the Board of Directors’ Resolution to Establish a Subsidiary in the Kingdom of Bahrain

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Announcement Detail	Theeb Rent a Car Company announces that its Board of Directors approved, on [05-08-2026G], the establishment of a limited liability subsidiary in the Kingdom of Bahrain, as part of the Company’s direction to expand into regional markets and enhance the scope of its business outside the Kingdom of Saudi Arabia. The subsidiary will be owned 99% by Theeb Rent a Car Company and 1% by Mr. Naif Mohammed Al-Theeb, the Company’s Chief Executive Officer and Board Member, in accordance with the applicable regulatory requirements and procedures in the Kingdom of Bahrain. The subsidiary’s activity will consist of carrying out car rental operations in the Kingdom of Bahrain, as an extension of the Company’s strategy to expand regionally, strengthen its presence in targeted markets, and support the future growth of its business. The necessary regulatory procedures will be completed with the relevant authorities in both the Kingdom of Saudi Arabia and the Kingdom of Bahrain, and the Company will announce any material developments in due course.

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Explanation

Announcement Detail

Theeb Rent a Car Company announces that its Board of Directors approved, on [05-08-2026G], the establishment of a limited liability subsidiary in the Kingdom of Bahrain, as part of the Company’s direction to expand into regional markets and enhance the scope of its business outside the Kingdom of Saudi Arabia.

The subsidiary will be owned 99% by Theeb Rent a Car Company and 1% by Mr. Naif Mohammed Al-Theeb, the Company’s Chief Executive Officer and Board Member, in accordance with the applicable regulatory requirements and procedures in the Kingdom of Bahrain.

The subsidiary’s activity will consist of carrying out car rental operations in the Kingdom of Bahrain, as an extension of the Company’s strategy to expand regionally, strengthen its presence in targeted markets, and support the future growth of its business.

The necessary regulatory procedures will be completed with the relevant authorities in both the Kingdom of Saudi Arabia and the Kingdom of Bahrain, and the Company will announce any material developments in due course.