| Element List | Explanation |
|---|---|
| Introduction | Rooom Trading Company (the “Company”) announces that it has signed an agreement on 21/4/2026 to acquire two existing industrial operating assets, one located in Riyadh (Second Industrial City) and the other in the Eastern Province (First Industrial City). The assets comprise two glass and aluminum manufacturing plants, together with related operational facilities and fixed assets. |
| Transaction Details | The Company signed a purchase and assignment agreement with Alma Glass and Aluminum Manufacturing Company to acquire the factories referred to above, and for Alma Glass and Aluminum Manufacturing Company to assign the lease contracts concluded with the Saudi Authority for Industrial Cities and Technology Zones (“Modon”) on which the factories are located, in favor of the Company. |
| Transaction Amount | SAR 15,800,000 (fifteen million eight hundred thousand Saudi Riyals), noting that the amount is exclusive of Value Added Tax (VAT) and any assignment/transfer fees payable to the relevant authorities. |
| Transaction Conditions | Modon’s approval to transfer the lease contracts: completion of all conditions stipulated in the purchase and assignment agreement. |
| Parties of the Transaction | Seller: Alma Glass and Aluminum Manufacturing Company Buyer: Raoom Trading Company |
| Transaction Financing Method | The transaction will be financed through the Company’s internal resources and banking facilities previously obtained by the Company |
| Date of Entering Into The Transaction | 2026-04-21 Corresponding to 1447-11-04 |
| Description of Activity of The Asset Subject of The Transaction | Glass manufacturing. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not applicable. |
| Transaction reasons | This acquisition comes within the Company’s expansion plans aimed at enhancing its operational capabilities, increasing production capacity, and expanding its geographic reach in the Kingdom’s regions, in a manner that supports its directions towards diversifying revenue sources and improving operational efficiency. |
| Expected Impact of the Transaction on the Company and Its Operations | The financial impact of the transaction is expected to appear on the Company’s operational results after completing the procedures and transferring the contracts and assets in accordance with applicable regulations. Any material developments will be disclosed in due course. |
| Related Parties | There are no related parties in this transaction. |
| Additional Information | The Company will announce any material events or developments regarding the transaction as soon as they become available. |