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Mohammed Hadi Al Rasheed & Partners Co. announces the latest developments regarding the extension of the non-binding memorandum of understanding with Taif Shipping Company (Limited Liability Company). | premargin

Element List	Explanation
Introduction	With reference to the announcement of Mohammed Hadi Al Rasheed & Partners Co. dated 20/10/2025, regarding the signing of a preliminary non-binding memorandum of understanding with Taif Shipping Company (Limited Liability Company), and with reference to the announcement of the latest developments published on 19/01/2026 regarding the extension of the non-binding memorandum of understanding with Taif Shipping Company for an additional period of (90) days. The Company wishes to announce that, on 20/04/2026, an agreement has been reached with Taif Shipping Company to extend the non-binding memorandum of understanding for an additional period of (90) days commencing from 20/04/2026, in order to complete the discussions and evaluation of the investment aspects and to finalize the regulatory procedures related to the investment.
Previous Announcement	Mohammed Hadi Al Rasheed & Partners Co. announcement regarding the latest developments on the extension of a non-binding memorandum of understanding.
Date of Previous Announcement on Saudi Exchange’s Website	2026-01-19 Corresponding to 1447-07-30
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The non-binding memorandum of understanding with Taif Shipping Company has been extended for an additional period of (90) days commencing from 20/04/2026, in order to complete the discussions and evaluation of the investment aspects and to finalize the regulatory procedures related to the investment.
The costs associated with the event, and if they have changed or not with indication of the reasons.	There are no changes in costs.
Delay consequences on the Company’s financial results	There is no financial impact at the present time.