| Element List | Explanation |
|---|---|
| Date of Board Meeting | 2025-06-18 Corresponding to 1446-12-22 |
| Capital before decrease | 3,000,000,000 SAR |
| Capital after decrease | 2,740,486,520 SAR |
| Percentage of Capital decrease | 8.65 % |
| Number of Shares before Decrease | 300000000 |
| Number of Shares after Decrease | 274048652 |
| Reasons for the Capital Decrease | The board has recommended the capital reduction as it believes the current capital is in excess of the Company’s needs. |
| Method of Capital Decrease | Cancellation of (25,951,348) ordinary shares of the treasury shares, including (2,034,737) ordinary shares of the total treasury shares allocated to the employee share program, at a total reduction equal to 8.65% of the Company’s capital before the reduction, and at a cancellation rate of 8.65 per 100 shares of the Company. |
| Impact of the Capital Decrease on the Company’s Obligations, Operations or Operational, Financial or Organizational Performance of the Company | There is no material impact from the capital reduction on the Company’s financial, operational, or regulatory commitments. |
| Date of reduction | The End of the Second Trading Day after the Extra Ordinary General Assembly Meeting in which Decrease was Resolved |
| Approvals | The capital reduction is conditional on regulatory approval and the approval of the extraordinary general assembly. |
| Appointment of a Financial Advisor and the Submission of the Application for Capital Decrease to CMA | The Company will announce the appointment of a financial advisor for the capital reduction. Additionally, the company will announce the submission of a capital reduction file to the CMA for approval. |
