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Element List	Explanation
Introduction	Dar Al Markaba Car Rental Company announces the signing of a Memorandum of Understanding (MoU) with Al Sahm Al Thahabi Car Rental Company for the purpose of acquiring Al Sahm Al Thahabi Car Rental Company.
Date of signing the Memorandum of Understanding	2025-08-10 Corresponding to 1447-02-16
Memorandum Duration	Six months from the date of signing the MoU.
Name of the Counterparty	Al Sahm Al Thahabi Car Rental
Name of Financial Advisor of Each Party	No financial advisor has been appointed at this stage. Any material developments will be announced in due course.
Major Terms in the Memorandum	A Memorandum of Understanding entered between Dar Al Markaba Car Rental Company and Al Sahm Al Thahabi Car Rental Company for the purpose of: - Defining the framework for the preliminary mutual rights and obligations between the parties. - Conducting financial and legal due diligence. - Determining the acquisition percentage and the financial consideration for the transaction based on the results of the financial valuation and due diligence. The MoU also includes customary provisions governing the confidentiality of information.
Related Parties	None
Actions to be Taken by the Company during the Memorandum’s Duration	The Company will follow all applicable regulatory procedures to complete the negotiations and reach the final acquisition agreement.
Approvals	The acquisition transaction will be subject to a number of regulatory approvals, including from the relevant authorities in the Kingdom of Saudi Arabia, and any other approvals required to complete the acquisition.
Additional Information	The Company will announce any material developments regarding this transaction in due course.

“Dar Al Markabah Car Rental Company announces the signing of a Memorandum of Understanding to acquire all shares of Al Sahm Al Thahabi Car Rental Company.”