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Announcement Detail	Al Jouf Agricultural Development Company announces that it has received a letter from Almunajem Foods Company (A Company Listed on the Saudi Stock Exchange) today, Monday, dated 30-07-1447H corresponding to 19-01-2026G, expressing its intention to enter into preliminary, non-binding discussions to explore the possibility of Almunajem Foods Company becoming a strategic investor in Al Jouf Agricultural Development Company through the acquisition of a minority stake by way of a capital increase, with the suspension of pre-emptive rights of existing shareholders in accordance with the provisions of Article (129) of the Companies Law, at a subscription price of SAR 52.5 per one new share. The Company confirms that the received letter does not constitute a binding offer and does not give rise to any legal obligation at this time. The matter remains at an early stage, and any progress in this regard will be subject to the completion of the necessary studies and the obtainment of the relevant regulatory and internal approvals, including approvals from the competent authorities and the Company’s Extraordinary General Assembly. Any material developments related to this matter will be announced in due course in accordance with the relevant rules and regulations.

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Explanation

Announcement Detail

Al Jouf Agricultural Development Company announces that it has received a letter from Almunajem Foods Company (A Company Listed on the Saudi Stock Exchange) today, Monday, dated 30-07-1447H corresponding to 19-01-2026G, expressing its intention to enter into preliminary, non-binding discussions to explore the possibility of Almunajem Foods Company becoming a strategic investor in Al Jouf Agricultural Development Company through the acquisition of a minority stake by way of a capital increase, with the suspension of pre-emptive rights of existing shareholders in accordance with the provisions of Article (129) of the Companies Law, at a subscription price of SAR 52.5 per one new share.

The Company confirms that the received letter does not constitute a binding offer and does not give rise to any legal obligation at this time. The matter remains at an early stage, and any progress in this regard will be subject to the completion of the necessary studies and the obtainment of the relevant regulatory and internal approvals, including approvals from the competent authorities and the Company’s Extraordinary General Assembly.

Any material developments related to this matter will be announced in due course in accordance with the relevant rules and regulations.

Al-Jouf Agricultural Development Co. Announces the Receipt of a Letter from Almunajem Foods Company Expressing Its Desire to Acquire a Minority Stake in the Company as a Strategic Investor