| Element List | Explanation |
|---|---|
| Introduction | With reference to the company's announcement regarding the Board of Directors' recommendation to increase the company's capital from SAR 315,000,000 to SAR 420,000,000 through a rights issue of 10,500,000 ordinary shares, with a par value of SAR 10 per share and a total value of SAR 105,000,000, and the company's announcement that it submitted the application for approval of the capital increase through a rights issue of SAR 105,000,000 to the Capital Market Authority on October 30, 2025. |
| Date of Announcing the Application on Saudi Exchange’s Website | 2025-01-05 Corresponding to 1446-07-05 |
| Date of Submitting the File | 2025-10-30 Corresponding to 1447-05-08 |
| Application Status at CMA | Under review |
| Other Substantial Updates | The company announces its Board of Directors' Resolution No. (306/M A/2026) dated April 20, 2026, to withdraw its application to increase capital through a rights issue, which had been submitted to the Capital Market Authority. Given current market dynamics, the Company has elected to discontinue the capital increase process and withdraw the filing. The Company will evaluate alternative funding options to support operational activities as deemed appropriate for the current phase . |
| Additional Information | No material financial impact resulted from withdrawing the file . The company will announce any future developments in this regard in due course . |
