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Element List	Explanation
Introduction	Alujain Corp. announces under the patronage National Industrial Development Center (“NIDC”) and presence of His Excellency the Deputy Minister of Industry and Mineral Resources for Industrial Affairs Eng. Khalil bin Salamah, and the CEO of NIDC Eng. Saleh Alsolami, the signing of a Memorandum of Understanding agreement with Beaulieu International Group for partnership in an envisaged strategic for localizing production of synthetic fibers and non-wovens in line with the Kingdom’s Vision 2030 objectives that aimed at enhancing the local content of these industries. The partnership, subject to approval by the relevant authorities, brings together Alujain Corp’s established regional manufacturing platform with state-of-the-art polymers and Beaulieu’s globally recognized expertise in synthetic fibers and non-wovens.
Memorandum Signing Date	2026-02-25 Corresponding to 1447-09-08
Counterparty	Beaulieu International Group
Memorandum Subject	This memorandum of understanding came in order to support Alujain's expansion plans to manufacture engineering plastics and fibers for the infrastructure sector and other specialized industries, with the aim of maximizing the added value of synthetic products, enhancing local content and global competitiveness of downstream industries, and ensuring the sustainability of the company's business, by entering into strategic partnerships with leading international companies and assisting in transferring of knowledge to establish a product development and innovation center with advanced technical capabilities, and work to maximize the benefit from government programs available to local industrial companies, including knowledge, technical, and financial support programs
Memorandum Duration	2 years
Related Parties	N/A
Financial Impact	The financial impact cannot be determined at present; hence, the Company will announce any updates, if any
Additional Information	Alujain Corp. also extends its sincere thanks and appreciation to the Ministry of Industry and Mineral Resources and the Ministry of Investment for honoring the signing ceremony of the memorandum of understanding and for their efforts in supporting the success of this strategic project. Beaulieu International Group is one of the world's leading manufacturers of engineering fibers for various engineering applications in addition to various chemicals, flooring, distribution and real estate in 19 countries.

Alujain Corp. announces signing a Memorandum of Understanding with Beaulieu International Group