| Introduction | With reference to the previous announcement by MBC Group Company (the “Company”) regarding the award of a project to one of its subsidiaries by a Government Entity, which was published on Tadawul on 04/05/1447H (corresponding to 26/10/2025G), the Company announces that a services agreement has now been signed between its wholly owned subsidiary, MBC Media KSA Limited (“MBC Media”), and the Government Entity, pursuant to the project award, for the purpose of providing production and event management services in the Kingdom of Saudi Arabia. |
| Date of Announcement of the Award | 2025-11-25 Corresponding to 1447-06-04 |
| Contract Subject Matter | Provision of production and event management services in the Kingdom of Saudi Arabia. |
| The Entity with Which the Contract was Signed | A Government Entity |
| Date of Signing the Contract | 2025-11-25 Corresponding to 1447-06-04 |
| Contract Value | The value of the Agreement exceeds 5% of the Company’s total revenue according to the latest audited annual financial statements for the year 2024G. |
| Contract Details | Under the Agreement, MBC Media will provide production and event management services in the Kingdom of Saudi Arabia in exchange for the agreed budget, which covers all costs related to the provision of these services. |
| Contract Duration | The Agreement shall remain in effect for a period of four (4) months from the date of signing. |
| Financial Impact and the Relevant Period | The financial impact of the Agreement is expected to be reflected in the Company’s financial results for the fiscal year 2026G. |
| Related Parties | The Agreement does not involve any related parties. |