KEIR International Company Announces the Receipt of Two Letters of Consent from Creditors Regarding the Use of a Portion of Outstanding Receivables as Part of the Proposed Capital Restructuring through the Conversion of Debt into Shares.

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Announcement Detail	Keir International Company announces that, on 21/07/2026, it received two letters of consent from Irad Holding Company, one of the Company's major shareholders, and Mr. Mohammed bin Ali Al-Dhalaan, confirming their approval to use part of their outstanding receivables from the Company in connection with any future action the Company may undertake to restructure its capital through the conversion of debt into shares, in support of the Company's financial position, subject to the completion of all required regulatory procedures and the obtaining of the necessary approvals. The letter from Irad Holding Company includes its approval to make the outstanding receivables due to it and its subsidiary, Modern Generation for Operation Systems Company, from the Company as of 30/06/2026, totaling SAR 18,250,325, available for use in connection with any future action the Company may undertake to restructure its capital through the conversion of debt into shares, in accordance with the applicable regulatory procedures and after obtaining the approvals of the competent authorities and the Extraordinary General Assembly, where required. The letter from Mr. Mohammed bin Ali Al-Dhalaan also includes his approval to use SAR 10,000,000 of his outstanding receivables from the Company as of 30/06/2026 in connection with any future action the Company may undertake to restructure its capital through the conversion of debt into shares, in accordance with the applicable regulatory procedures and after obtaining the approvals of the competent authorities and the Extraordinary General Assembly, where required. There is no financial impact at the present time, as the two letters of consent constitute preliminary approvals subject to the completion of all required regulatory procedures and the receipt of the relevant approvals. Related Parties: Mr. Mohammed bin Ali Al-Dhalaan. Irad Holding Company (one of the Company's major shareholders). This development comes as part of the Company's efforts to evaluate appropriate alternatives for restructuring its capital and strengthening its financial position, including the proposed conversion of certain outstanding debts into newly issued shares, following the completion of the necessary studies and receipt of the required regulatory approvals. The Company will disclose any material developments in due course in accordance with the applicable laws and regulations.

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Explanation

Announcement Detail

Keir International Company announces that, on 21/07/2026, it received two letters of consent from Irad Holding Company, one of the Company's major shareholders, and Mr. Mohammed bin Ali Al-Dhalaan, confirming their approval to use part of their outstanding receivables from the Company in connection with any future action the Company may undertake to restructure its capital through the conversion of debt into shares, in support of the Company's financial position, subject to the completion of all required regulatory procedures and the obtaining of the necessary approvals.

The letter from Irad Holding Company includes its approval to make the outstanding receivables due to it and its subsidiary, Modern Generation for Operation Systems Company, from the Company as of 30/06/2026, totaling SAR 18,250,325, available for use in connection with any future action the Company may undertake to restructure its capital through the conversion of debt into shares, in accordance with the applicable regulatory procedures and after obtaining the approvals of the competent authorities and the Extraordinary General Assembly, where required.

The letter from Mr. Mohammed bin Ali Al-Dhalaan also includes his approval to use SAR 10,000,000 of his outstanding receivables from the Company as of 30/06/2026 in connection with any future action the Company may undertake to restructure its capital through the conversion of debt into shares, in accordance with the applicable regulatory procedures and after obtaining the approvals of the competent authorities and the Extraordinary General Assembly, where required.

There is no financial impact at the present time, as the two letters of consent constitute preliminary approvals subject to the completion of all required regulatory procedures and the receipt of the relevant approvals.

Related Parties: Mr. Mohammed bin Ali Al-Dhalaan.

Irad Holding Company (one of the Company's major shareholders).

This development comes as part of the Company's efforts to evaluate appropriate alternatives for restructuring its capital and strengthening its financial position, including the proposed conversion of certain outstanding debts into newly issued shares, following the completion of the necessary studies and receipt of the required regulatory approvals. The Company will disclose any material developments in due course in accordance with the applicable laws and regulations.