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Element List	Explanation
Introduction	With reference to Lamasat Company’s previous announcement on the Saudi Stock Exchange website dated February 18, 2025, regarding the signing and awarding of a contract at the Royal Commission in Yanbu City for the purpose of carrying out the construction work of a new branch of the company at the Royal Commission in Yanbu City, Lamasat Company would like to announce the latest developments related to the work of this project.
Previous Announcement	Announcement from Lamasat Company regarding the signing and awarding of a contract with the Royal Commission in Yanbu City to establish another branch of the company in the Royal Commission in Yanbu City.
Date of Previous Announcement on Saudi Exchange’s Website	2025-02-18 Corresponding to 1446-08-19
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Lamasat Company announces, thanks to God and praise, the completion of all work for its project in the Royal Commission in Yanbu City, and the necessary licenses have been obtained to start the actual operation of the project. In this context, the company clarifies that it is planned - God willing - to inaugurate the branch, start operating it and receiving customers starting from Sunday, 29 Rajab 1447 AH, corresponding to January 18, 2026 AD, under the name (Lamasat). The opening of the second branch in Yanbu comes in accordance with the expansion plan set by the Board of Directors for the purpose of strengthening the company’s presence in the market, expanding its customer base, and increasing its market share in the services sector, in line with the company’s strategy for growth and achieving sustainable returns for shareholders.
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 of the project is expected to be reflected in the second quarter of 2026.

Lamasat Company announces the latest developments regarding the previous announcement concerning the signing and awarding of a contract with the Royal Commission in Yanbu City to establish another branch of the company in the Royal Commission in Yanbu City.