Service Equipment Company announces that the value of transactions with Omar Abu Bakr Balubaid Company related party has exceeded 1% of its total revenues, according to the latest audited annual financial statements.

These transactions consist of Commercial business: purchasing equipment, rentals, and expenses on behalf.

transactions were conducted in the ordinary course of business and in accordance with customary commercial terms, without any preferential conditions.

This announcement comes as a confirmation of the Company’s management’s commitment to enhancing levels of transparency and disclosure.