Kingdom Holding Company Announces an update on The Four Seasons Resort at Shura Island, developed in joint venture with Red Sea Global Company.

Element List	Explanation
Introduction	With reference to the announcement made by Kingdom Holding Company (“KHC”) on 24/10/2023G (corresponding to 09/04/1445H) regarding the binding agreement with Red Sea Global Company to enter into a joint venture to develop a tourist resort, to be operated by Four Seasons hotels and resorts group, on Shura Island on the west coast of the Kingdom of Saudi Arabia (the “Project”).
Previous Announcement	Kingdom Holding Co. Announces a binding agreement with Red Sea Global Company to enter into a joint venture to develop a tourist resort, to be operated by Four Seasons hotels and resorts group, on Shura Island on the west coast of the Kingdom of Saudi Arabia.
Date of Previous Announcement on Saudi Exchange’s Website	2023-10-24 Corresponding to 1445-04-09
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	KHC is pleased to announce that the Four Seasons Resort and Residences at Shura Island, The Red Sea has commenced operations and welcomed its first guests on 20 May 2026G.; This milestone is consistent with the Company's strategy of deploying long-term capital into hospitality and tourism sector in the Kingdom of Saudi Arabia in alignment with Saudi Vision 2030.
The costs associated with the event, and if they have changed or not with indication of the reasons.	No new financial impact arising from this update.