Al-Ashghal Al-Muyassarah Company announces the incorporation of a wholly owned limited liability subsidiary, under the name Al-Ashghal Al-Muyassarah Company, with the Company holding a 100% ownership interest.

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Announcement Detail	Al-Ashghal Al-Muyassarah Company announces the incorporation of a wholly owned limited liability subsidiary under the name Al-Ashghal Al-Muyassarah Company, headquartered in Sakaka City. The subsidiary will operate as a manufacturing facility supporting the Company’s strategic direction toward enhancing vertical integration across its operational activities and supply chain to meet certain operational requirements. The Articles of Association and the Commercial Registration of the subsidiary (Commercial Registration No. 7013656215) have been duly issued through the separation and independent registration of a record that was previously maintained as a branch commercial registration of Al-Ashghal Al-Muyassarah Company. There is currently no immediate material financial impact resulting from the incorporation of the subsidiary, as it remains in the process of completing the required licensing procedures and construction works. The Company will disclose any material developments in due course and upon their occurrence, in accordance with the applicable laws and regulations. Should you have any inquiries, please contact the Investor Relations Department: Telephone: +966 14 625 8828 Email: ashamco@ashamco.net

Element List

Explanation

Announcement Detail

Al-Ashghal Al-Muyassarah Company announces the incorporation of a wholly owned limited liability subsidiary under the name Al-Ashghal Al-Muyassarah Company, headquartered in Sakaka City. The subsidiary will operate as a manufacturing facility supporting the Company’s strategic direction toward enhancing vertical integration across its operational activities and supply chain to meet certain operational requirements.

The Articles of Association and the Commercial Registration of the subsidiary (Commercial Registration No. 7013656215) have been duly issued through the separation and independent registration of a record that was previously maintained as a branch commercial registration of Al-Ashghal Al-Muyassarah Company.

There is currently no immediate material financial impact resulting from the incorporation of the subsidiary, as it remains in the process of completing the required licensing procedures and construction works.

The Company will disclose any material developments in due course and upon their occurrence, in accordance with the applicable laws and regulations.

Should you have any inquiries, please contact the Investor Relations Department:

Telephone: +966 14 625 8828

Email: ashamco@ashamco.net