| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of Al Moammar Information Systems Company (MIS) dated 29/06/1445H, corresponding to 11/01/2024, regarding the decision of its Board of Directors to approve the allocation of an amount of SAR 40 million for the purpose of establishing an investment portfolio through self-financing to invest in global companies operating in the field of artificial intelligence, in order to benefit from growth opportunities in this promising sector. Al Moammar Information Systems announces the latest developments, as it has sold its entire investment in xAI for a total value of USD 4,235,338, noting that the original cost of the investment was USD 1,000,000, resulting in a positive financial impact of USD 3,235,338, which will be reflected in the Company’s results for the fourth quarter of 2025. |
| Previous Announcement | Announcement of Al Moammar Company regarding the approval of its Board of Directors to invest in global companies operating in the field of artificial intelligence technology |
| Date of Previous Announcement on Saudi Exchange’s Website | 2024-01-11 Corresponding to 1445-06-29 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Al Moammar Information Systems Company (MIS) announces the latest developments, whereby it has sold its entire investment in xAI for a total value of USD 4,235,338, noting that the original cost of the investment was USD 1,000,000, resulting in a positive financial impact of USD 3,235,338, which will be reflected in the Company’s results for the fourth quarter of 2025. This sale comes as part of the Company’s strategy to evaluate other investment opportunities. |
| Reasons For The Delay on The Date of The Event Previously Announced | not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | not applicable |
| Delay consequences on the Company’s financial results | not applicable |
| Additional Information | The procedures for closing the sale were completed on the evening of Thursday, 05/07/1447H, corresponding to 25/12/2025G. |