| Element List | Explanation |
|---|---|
| Introduction | Riyadh Cables Group Company announces that its wholly owned subsidiary (Riyadh Cables Company) has signed a non-binding Memorandum of Understanding with the Syrian Sovereign Fund |
| Memorandum Signing Date | 2025-11-02 Corresponding to 1447-05-11 |
| Counterparty | Syrian Sovereign Fund |
| Memorandum Subject | Cooperation with the Syrian Sovereign Fund to establish a strategic partnership for the management, operation, and development of the Syrian Modern Cable Company’s plants in Syria, as well as the localization of technical know-how and the development of local capabilities in the power and electrical cable sector |
| Memorandum Duration | This Memorandum shall become effective from the date of its signing and shall remain valid for six (6) months, unless extended by mutual written agreement between the parties or replaced by an operational agreement |
| Related Parties | None |
| Financial Impact | The MoU is not expected to have any material financial impact on Riyadh Cables Group Company’s financial results at this stage. Any material developments arising from the MoU will be disclosed in due course |
| Additional Information | For further inquiries, please contact Investor Relations via: Tel: 0112650850 Email: ir@riyadh-cables.com |
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