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Element List	Explanation
Announcement Detail	Saudi Steel Pipe Company announces that on 19/02/2026G, the Board of Directors approved the start of the voluntary liquidation procedures of its wholly owned subsidiary, Titanium & Steel Manufacturing Co. Ltd., which has share capital of SAR 32,000,000, and the appointment of the liquidator pursuant to the Companies Law and its implementing regulations. The liquidation is consistent with the Company’s focus on core tubular and services businesses for the Oil & Gas and Industrial & Construction applications. The Company had announced in March 2021G the sale of Titanium Steel & Manufacturing Co. Ltd’s main operating assets to Koch Chemical Technology Group Saudi Arabia Limited. The financial impact associated with the liquidation is expected to be immaterial and will be included in the Company’s consolidated financial statements upon completion of the liquidation process. The Company will announce any material developments in due course in accordance with the applicable laws and regulations.

Element List

Explanation

Announcement Detail

Saudi Steel Pipe Company announces that on 19/02/2026G, the Board of Directors approved the start of the voluntary liquidation procedures of its wholly owned subsidiary, Titanium & Steel Manufacturing Co. Ltd., which has share capital of SAR 32,000,000, and the appointment of the liquidator pursuant to the Companies Law and its implementing regulations.

The liquidation is consistent with the Company’s focus on core tubular and services businesses for the Oil & Gas and Industrial & Construction applications. The Company had announced in March 2021G the sale of Titanium Steel & Manufacturing Co. Ltd’s main operating assets to Koch Chemical Technology Group Saudi Arabia Limited.

The financial impact associated with the liquidation is expected to be immaterial and will be included in the Company’s consolidated financial statements upon completion of the liquidation process.

The Company will announce any material developments in due course in accordance with the applicable laws and regulations.

Saudi Steel Pipe Co. Announces the issuance of its Board of Directors’ Decision to Voluntarily Liquidate its wholly owned subsidiary, Titanium & Steel Manufacturing Co. Ltd.