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Element List	Explanation
Introduction	Ghida alsultan fast Food Company announces that it has signed a non-binding memorandum of understanding for the purpose of acquiring (100%) of Simple Burger Catering Establishment.
Date of signing the Memorandum of Understanding	2025-11-10 Corresponding to 1447-05-19
Memorandum Duration	The Memorandum of Understanding shall come into force from the date of its signing by both parties and shall be valid for (90) days. The Memorandum of Understanding may be extended for a similar period or periods by written agreement between the two parties.
Name of the Counterparty	Simple Burger Catering Establishment.
Name of Financial Advisor of Each Party	NA
Major Terms in the Memorandum	NA
Related Parties	There is an indirect interest for both: 1- Mr. Arif Qaid Ali Al-Misbahi: Chairman of the Board of Directors of the company. 2- Mr. Majid Arif Qaid Al-Misbahi: CEO of the company. This is due to their familial relationship with the owner of Simple Burger Catering.
Actions to be Taken by the Company during the Memorandum’s Duration	Fulfilling all contractual requirements and obtaining the necessary regulatory approvals
Approvals	The proposed acquisition is subject to approvals from: - Relevant government authorities. - Shareholders via the general assembly.
Additional Information	Any significant developments will be announced in due course.