premargin

Element List	Explanation
Introduction	Further to the announcement made by Jahez International Company for Information System Technology (“Jahez”) on the Saudi Stock Exchange (Tadawul) website on 14/04/1447H (corresponding to 06/10/2025G) regarding the completion of the first phase of the transaction, relating to the share purchase and subscription of an overall 76.56% stake in Snoonu Corporation Holding LLC (“Snoonu”) (the “Transaction”), Jahez announces the completion of the second phase of the Transaction.
Acquisition Procedures Conclusion Date	2025-10-23 Corresponding to 1447-05-01
Summary of Acquisition / Purchase	The second phase of the Transaction was completed through the subscription of seven hundred two thousand and three hundred thirty-eight (702,338) shares, representing one and fifty-six hundred percent (1.56%) of Snoonu’s share capital. As a result, Jahez now holds 76.56% of Snoonu’s share capital, with Snoonu’s founder, Hamad Mubarak Al Hajri, retaining the remaining 23.44%. The second phase of the Transaction has been funded in cash through Jahez’s own resources.
Related Parties	The Transaction does not involve related parties.
Financial Impact	The financial impact of the Transaction will be reflected in Jahez’s financial statements for the financial year ending 31 December 2025.
Ownership and Legal Documents Transfer Conclusion Date	01/05/1447H (corresponding to 23/10/2025G).

Jahez International Company for Information System Technology (Jahez) announces the completion of the second phase of the Transaction, relating to the subscription of 1.56% of the share capital of Snoonu.