| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement published by Naf Company for Feed for Industry (the “Company”) on the Saudi Exchange website on 18/06/1447H (corresponding to 09/12/2025G) regarding the signing of an Assignment and Sale Agreement (the “Agreement”) with Foodicom Establishment (a “Related Party”) for the purpose of assigning to the Company the usufruct right of the property, represented by the assignment of the lease agreement entered into with the Municipality of Al-Rass Governorate for the industrial land located in Al-Rass city, Qassim region, with a total area of 7,020 square meters, in addition to the sale and transfer of ownership of an administrative/operational building, a closed warehouse, and all related equipment and constructions currently existing on the aforementioned industrial land in favor of the Company. The previous announcement stated that the effectiveness of the Agreement is subject to the completion of the required regulatory procedures and obtaining the necessary approvals for the assignment from the Municipality of Al-Rass Governorate. Accordingly, the Company wishes to inform that on 19/06/1447H (corresponding to 10/12/2025G), it obtained the approval of the Municipality of Al-Rass Governorate regarding the assignment in favor of theCompany of the lease contract related to the transaction, originally documented under paper contract No. (0460) and subsequently replaced with the new electronic contract No. (CN-96967) executed with the Municipality of Al-Rass and expiring on 29/12/1465H. A lease assignment addendum was duly executed with the Municipality of Al-Rass under addendum No. (CA-25-12-1531945) dated 19/06/1447H (corresponding to 10/12/2025G), whereby the Company replaced Foodicom Establishment as the lessee under the aforementioned lease contract. Accordingly, all required regulatory procedures with the Municipality of Al-Rass have been completed, and the contract shall be presented to the General Assembly of shareholders at its next meeting for approval. |
| Previous Announcement | Announcement of Naf Company for Feed for Industry regarding the signing of an Assignment and Sale Agreement with Foodicom Establishment (a Related Party) |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-12-09 Corresponding to 1447-06-18 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | On 19/06/1447H (corresponding to 10/12/2025G), the Company obtained the approval of Al-Rass Municipality to assign the lease contract related to the transaction to the Company. The original paper lease contract No. (0460) was replaced with the new electronic contract No. (CN-96967), executed with Al-Rass Municipality and expiring on 29/12/1465H. A Lease Assignment Addendum was signed with Al-Rass Municipality under Addendum No. (CA-25-12-1531945) dated 19/06/1447H (corresponding to 10/12/2025G), whereby the Company replaced Foodicom Establishment as the lessee under the lease contract. Accordingly, all required regulatory procedures have been completed. The Agreement will be presented to the General Assembly for voting at its upcoming meeting. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not applicable |
| Delay consequences on the Company’s financial results | Not applicable |
| Additional Information | Not applicable |