Element List	Explanation
Introduction	Further to the announcement by Jazan Development and Investment Company on 21-06-2025 regarding the signing of a Memorandum of Understanding by one of its investee company (Al Reef Sugar Refinery Company) for the sale of all its shares to Ethraa Holding Company, the two parties agreed on 20-08-2025 to extend the term of the memorandum (70) seventy days until 30-10-2025.
Previous Announcement	Jazan Development and Investment Company Announces that the shareholders of one of the companies (Al-Reef Sugar Refinery Company) signed a memorandum of understanding to sell the entire shareholders shares to Ethraa Holding Company.
Date of Previous Announcement on Saudi Exchange’s Website	2025-06-22 Corresponding to 1446-12-26
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The memorandum has been extended for an additional 70 days, until 30-10-2025, based on an agreement between the two parties Pursuant to an agreement between the parties and upon a request by Ethraa Holding Company to complete the procedures and studies.
Reasons For The Delay on The Date of The Event Previously Announced	none
The costs associated with the event, and if they have changed or not with indication of the reasons.	none