Takween Advanced Industries Announces the Appointment of the Financial Advisor, Lead Manager, and Underwriter in Relation to the Board of Directors' Recommendation to Reduce the Company's Capital and Subsequently Increase it through a Rights Issue of SAR 400 million.

Element List	Explanation
Introduction	With reference to Takween Advanced Industries Company's announcement published on the Saudi Exchange (Tadawul) website on 09/01/1448H (corresponding to 24/06/2026G) regarding the Board of Directors' recommendation to reduce the Company's share capital and subsequently increase it through a rights issue, the Company announces that the Board of Directors approved, on 27/01/1448H (corresponding to 12/07/2026G), the appointment of Albilad Capital as the Financial Advisor, Lead Manager and Underwriter in relation to the proposed capital reduction and subsequent capital increase through a rights issue with a total value of SAR 400 million, as part of completing the regulatory procedures required to implement the transaction.
Previous Announcement	The recommendation of the Board of Directors of Takween Advanced Industries Company to reduce the Company's capital and subsequently increase it through a rights issue.
Date of Previous Announcement on Saudi Exchange’s Website	2026-06-24 Corresponding to 1448-01-09
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The Board of Directors of Takween Advanced Industries Company approved, on 27/01/1448H (corresponding to 12/07/2026G), the appointment of Albilad Capital as the Financial Advisor, Lead Manager and Underwriter in relation to the proposed capital reduction and subsequent capital increase through a rights issue with a total value of SAR 400 million, in accordance with the terms and conditions set out in the engagement agreement, and as part of completing the regulatory procedures relating to the capital reduction and capital increase transactions.
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.	There is no material change in the costs associated with the announced event.
Delay consequences on the Company’s financial results	Not Applicable
Additional Information	The appointment of the Financial Advisor forms part of the regulatory procedures relating to the proposed capital reduction and subsequent capital increase through a rights issue. It should also be noted that, as of the date of this announcement, the application for the proposed capital reduction has not yet been submitted to the Capital Market Authority. The Company will continue to complete the required regulatory procedures and will announce any material developments in due course in accordance with the applicable laws and regulations.