| Element List | Explanation |
|---|---|
| Introduction | With reference to Seera Group Holding’s (the “Company”) announcement on the Saudi Exchange’s website on 13/06/1447H (corresponding to 04/12/2025G) regarding the Company’s submission of a capital decrease file to the Capital Market Authority (“CMA”), the Company is pleased to inform its esteemed shareholders of the issuance of the CMA’s approval on 14/10/1447H (corresponding to 02/04/2026G) on the Company’s request to decrease its capital, as per the details mentioned below. |
| Date of Announcing the Application on Saudi Exchange’s Website | 2025-12-04 Corresponding to 1447-06-13 |
| Date of Submitting the File | 2025-12-04 Corresponding to 1447-06-13 |
| Application Status at CMA | The CMA issued its approval on 14/10/1447H (corresponding to 02/04/2026G) of the Company's application to reduce its capital from SAR (3,000,000,000) to SAR (2,740,486,520) through canceling a total of (25,951,348) ordinary shares of the treasury shares, including (2,034,737) ordinary shares allocated under the Employee Stock Program. This represents a total reduction of 8.65% of the Company’s capital prior to the reduction. The capital reduction will be effective at the end of the second trading day following the extraordinary general assembly meeting at which the reduction was approved. |
| Other Substantial Updates | The CMA issued its approval of the Company’s application to reduce its capital after fulfilling the CMA's regulatory requirements and comments relating to the capital reduction application file. |
| Additional Information | The capital decrease is subject to the approval of the Company’s Extraordinary General Assembly, and the Company will announce the invitation to the assembly in due course. The Company will publish the Shareholders’ Circular containing the proposed method of reducing the capital and the expected effects of that capital reduction, timely before the extraordinary general assembly meeting, so that the shareholders can vote on the resolution to reduce the capital of the Company. The Company will announce any material developments as required by applicable rules. |