| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website | 2026-03-24 Corresponding to 1447-10-05 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | The item "Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion)' has been indicated as (Not Applicable). |
| Correct Statement | Comment mentioned in the external auditor’s report, mentioned in any of the following paragraphs (other matter, conservation, notice, disclaimer of opinion, or adverse opinion): Material Uncertainty Related to Going Concern We draw attention to Note 1 in the consolidated financial statements, which indicates that the Group incurred a net loss for the year ended 31 December 2025 of SAR 267.3 million (31 December 2024: SAR 219.4 million) and that, as at that date, the Group’s current liabilities exceeded its current assets by SAR 399.7 million (31 December 2024: SAR 342.6 million). In addition, the Group had accumulated losses of SAR 590.3 million as of 31 December 2025 (31 December 2024: SAR 321.1 million), representing approximately 98.4% (31 December 2024: 53.5%) of the share capital. These events and conditions, as further described in Note 1, indicate that material uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going concern. Our opinion is not modified in respect of this matter. |