Takween Advanced Industries Co. announces intention to issue Saudi Riyal-Denominated Local Sukuk Program

Element List	Explanation
Introduction	Takween Advanced Industries announces its intention to establish Saudi Riyal-denominated local Sukuk programs that are compliant with Shariah principles. The Company has appointed Impact46 as the financial advisor and sole arranger for the proposed Sukuk program (public and private offerings), in accordance with the terms and conditions approved by the Board of Directors.
Offer Type	Saudi Riyal-Denominated Local Sukuk Program
Date of the board’s decision	2026-06-23 Corresponding to 1448-01-08
Value of the offer	The aggregate value of the Sukuk Programs is up to SAR 500 million
The Purpose of the offer	The offering aims to strengthen the Company's working capital and liquidity position, refinance a portion of its existing obligations and financing facilities, and provide the necessary funding for general corporate purposes, thereby supporting business continuity and the implementation of the Company's operational and strategic plans.
Approvals	Each program will be established and offered in accordance with the applicable laws and regulations and will be subject to obtaining the necessary regulatory and other relevant approvals.
Additional Information	The Company would like to emphasize that this announcement does not constitute an invitation, offer, or solicitation to purchase, acquire, or subscribe to any securities. The Company will announce any material developments in relation to this matter in due course.