Element List	Explanation
Introduction	With reference to the announcement of the National Environmental Recycling Company on the Tadawul website dated 03/03/1447H, corresponding to 26/08/2025AD regarding the Board of Directors’ decision to recommend to the Extraordinary General Assembly to increase the company’s capital by 100% by granting free shares to its shareholders, the company would like to announce to the shareholders the approval of the Capital Market Authority on 14/4/1447H corresponding to 06/10/2025AD, to increase the company’s capital by 100% by granting free shares through capitalizing an amount of (67,838,889) Saudi Riyals from the share premium balance, an amount of (47,743,261) Saudi Riyals from the retained earnings balance, and an amount of (577,850) Saudi Riyals from the statutory reserve balance.
Previous Announcement	National Environmental Recycling Co. Announces the Board’s Recommendation to Increase the Capital by Granting bonus Shares
Date of Previous Announcement on Saudi Exchange’s Website	2025-08-26 Corresponding to 1447-03-03
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The approval of the Capital Market Authority on 06/10/2025 AD to increase the company’s capital by 100% through granting free shares.
The costs associated with the event, and if they have changed or not with indication of the reasons.	N/A