| Introduction | With reference to the announcement by Obeikan Glass Company published on the Saudi Stock Exchange (Tadawul) website on 15-06-1446 AH (corresponding to 16-12-2024 AD) regarding the commencement the trial operations of the aluminum casting facility project (Saudi Foundry Company for Aluminum Casting), Obeikan Glass Company is pleased to announce to its esteemed shareholders about the commencement of the commercial operations of the Saudi Foundry Company for Aluminum Casting, effective from today, Monday, October 13, 2025. |
| Previous Announcement | The commencement of the trial operation of the aluminum casting facility project (Saudi Foundry Company for Aluminum Casting) |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-12-16 Corresponding to 1446-06-15 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The commercial operations of the Saudi Foundry Company for Aluminum Casting will commence today, Monday, October 13, 2025. |
| Reasons For The Delay on The Date of The Event Previously Announced | The delay in connecting the required utilities for operations and obtaining the necessary operating permits from Modon. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no change in the scope of the project, and therefore the associated costs have not changed. |
| Delay consequences on the Company’s financial results | There is none |
| Additional Information | It should be noted that the financial impact is expected to appear in Obeikan Glass Company's financial statements starting from the fourth quarter of 2025. |