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Element List	Explanation
Introduction	Taqat Mineral Trading Company is pleased to announce to its shareholders that on 01/01/2026, by the grace of God, a contract was signed to purchase Bayan Transport Trading Company with a 100% stake. This step comes in line with the company’s direction to expand its activities, noting that the company’s assets, licenses, and trade name will be acquired.
Transaction Details	The acquisition of Bayan Transport Trading Company is as follows: 1. The commercial registration of Bayan Transport Trading Company is transferred to Taqat Mineral Trading Company. 2. All assets, licenses, and premises belonging to Bayan Transport Trading Company are transferred. 3. Ownership of the trademark is transferred to Taqat Mineral Trading Company. 4. The financial consideration will be paid within fifteen days of the contract signing date. 5. Taqat Mineral Trading Company will assume the outstanding loan from Bank Albilad and the outstanding debt from the truck leasing agreement with Banque Saudi Fransi.
Transaction Amount	16,500,000
Transaction Conditions	Not applicable
Parties of the Transaction	Taqat Mineral Trading Company - Buyer. Bayan Transport Trading Company - Seller.
Transaction Financing Method	The deal will be financed from the company's available cash, with the entire value of the deal being paid in cash.
Date of Entering Into The Transaction	2026-01-01 Corresponding to 1447-07-12
Description of Activity of The Asset Subject of The Transaction	Bayan Transport Trading Company's activity is the transport and resale of recyclable metals.
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	Attached
Transaction reasons	This deal is part of the company's expansion plans in its operational activities, transportation and logistics business.
Expected Impact of the Transaction on the Company and Its Operations	1. Increased revenue, which translates into improved profitability. 2. Increased company assets and liabilities. 3. Expansion and growth in the Saudi market.
Related Parties	Not applicable
Additional Information	Not applicable
Attached Documents	Attached Documents Attached Documents Attached Documents

Taqat Mineral Trading Co. Announces the Purchasing of Bayan Transport Trading Company, a limited liability company in the amount of 16,500,000