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Element List	Explanation
Introduction	With reference to the announcement made by Advance International for Telecommunications and Information Technology (AICTEC) on 04/01/1447H corresponding to 29/06/2025 regarding the signing of a binding Memorandum of Understanding to acquire a 25% stake in the capital of Sign Max Advertising Company for a total amount of SAR 3,000,000, The Company is pleased to announce that on 22/07/2025, it received the No-Objection Certificate issued by the General Authority for Competition regarding the acquisition of a 25% stake in Sign Max Advertising Company. Additionally, the Company would like to announce the appointment of Crowe Solutions Consulting as the financial advisor for the transaction.
Previous Announcement	Advance International for Telecommunications and Information Technology Announces the Signing of a Memorandum of Understanding with Sign Max Advertising Company
Date of Previous Announcement on Saudi Exchange’s Website	2025-06-29 Corresponding to 1447-01-04
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The No-Objection Certificate was received on 22/07/2025, issued by the General Authority for Competition, regarding the acquisition of a 25% stake in the capital of Sign Max Advertising Company. The company would also like to announce the appointment of Crowe Solutions Consulting as the financial advisor for the transaction.
The costs associated with the event, and if they have changed or not with indication of the reasons.	There is no change in the previously stated cost.

Advance International for Telecommunications and Information Technology (AICTEC) Announces the Latest Developments Regarding the Signing of a Memorandum of Understanding with Sign Max Advertising Company