Asas Makin Real Estate Development and Investment Company announces receipt of the final VAT assessment notification

The notification stated the following:

• Net tax due before assessment: SAR 3,700,063.84

• Net tax due after assessment: SAR 3,701,945.05

• Tax difference: SAR 1,881.21

• Penalties imposed: None

The company has not previously made a provision for this amount, and the tax difference of SAR 1,881.21 will be paid in accordance with regulatory requirements.

The company wishes to clarify that the tax difference is not material and is not expected to have a material financial impact on the company's financial results. The company also affirms its full commitment to all relevant regulations, instructions and rules, and will disclose any relevant material developments as they occur.