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Element List	Explanation
Introduction	With reference to the announcement of Ghida Al-Sultan Fast Food Company on the Saudi Capital Market (Tadawul) website dated 22/08/1447H (corresponding to 10/02/2026G) regarding the signing of an agreement to acquire 100% of Simple Burger Establishment for a value of SAR 23,800,000 , and the supplementary announcement regarding the acquisition agreement dated 24/08/1447H (corresponding to 12/02/2026G) , Sultan Fast Food Company is pleased to announce the completion of all regulatory procedures regarding the acquisition of Simple Burger Establishment and the finalization of the sale and purchase.
Acquisition Procedures Conclusion Date	2026-05-10 Corresponding to 1447-11-23
Summary of Acquisition / Purchase	The procedures for the 100% acquisition of Simple Burger Establishment have been completed after fulfilling all regulatory conditions and the terms stipulated in the agreement. The acquisition price will be settled in accordance with the terms of the agreement.
Related Parties	There is an indirect interest for the following: • Mr. Aref Qaid Ali Al-Misbahi: Chairman of the Board of Directors. • Mr. Majid Aref Qaid Al-Misbahi: CEO of the Company . This interest arises due to their kinship with the owner of Simple Burger Establishment. This matter will be referred to the General Assembly for approval.
Financial Impact	The financial impact of the transaction will appear on the financial results starting from the first half of the fiscal year 2026G.
Ownership and Legal Documents Transfer Conclusion Date	Dated 09/09/1447H (corresponding to 26/02/2026G).

Ghida Alsultan for Fast Food Co. Announces the Conclusion of Acquisition of Simple Burger Establishment