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Element List	Explanation
Introduction	Obeikan Glass Company announces its intention to establish local Saudi Riyal-denominated Sukuk programs compliant with Islamic Sharia principles. The company has appointed Sukuk Capital Company as the financial advisor for the issuance of the Sukuk programs for public, private, and exempt offerings.
Offer Type	Establishment of local Sukuk programs denominated in Saudi Riyals.
Date of the board’s decision	2025-10-19 Corresponding to 1447-04-27
Value of the offer	Sukuk programs with a total value of SAR 430 million.
The Purpose of the offer	To support the company’s expansion projects and achieve its strategic objectives.
Approvals	The offering will be carried out in accordance with the applicable rules and regulations and after obtaining the necessary approvals for each program.
Additional Information	The Board of Directors has resolved to appoint Sukuk Capital Company as the financial advisor for the issuance of the Sukuk programs for public, private, and exempt offerings. (Through the website of Sukuk Capital Company https://sukuk.sa/) The company would also like to note that this announcement does not constitute an invitation, offer, or recommendation to purchase, acquire, or subscribe to any securities. The company will announce any further material developments in due course.

Obeikan Glass Company Announces Its Intention to Establish Saudi Riyal-Denominated Sukuk Programs Compliant with Islamic Sharia Principles