Element List Explanation Introduction Announcement by Banan Real Estate Company and its subsidiary, Al-Azizah for Investment and Real Estate Development Company, regarding the Board of Directors' approval to acquire a stake in Qimam Noshoz Real Estate Development Company, a simplified joint-stock company. Transaction Details Banan Real Estate Company purchases 1,633,000 shares, representing 23% of the company's capital, at a nominal value of 10 riyals per share, with a total value of 16,330,000 riyals. The subsidiary company, Al-Azizah for Investment and Real Estate Development, purchases 1,562,000 shares, representing 22% of the company's capital, at a nominal value of 10 riyals per share, with a total value of 15,620,000 riyals. Transaction Amount Banan Real Estate Company purchases 1,633,000 shares at a nominal value of 10 riyals per share, with a total value of 16,330,000 riyals. The subsidiary company, Al-Azizah for Investment and Real Estate Development, purchases 1,562,000 shares at a nominal value of 10 riyals per share, with a total value of 15,620,000 riyals. Transaction Conditions The shares are being purchased at the book value of the share. Parties of the Transaction 1- Banan Real Estate Company (as the buyer) 2- Al-Azizah for Investment and Real Estate Development Company (as the buyer) 3- Saad Al-Aziz Al-Hussein Company (as the seller) 4- Mohammed Ali Al-Suwailem (as the seller) 5- Sultan Khalid Al-Haqbani (as the seller) 6- Jawaher Abdulaziz Al-Haqbani (as the seller) 7- Mishael Abdulaziz Al-Haqbani (as the seller) 8- Muneerah Abdulaziz Al-Haqbani (as the seller) 9- Haifa Abdulaziz Al-Haqbani (as the seller) Transaction Financing Method The transaction is being financed from the cash flows of the company and its subsidiary, in addition to the available credit facilities with Riyad Bank. Date of Entering Into The Transaction 2024-12-22 Corresponding to 1446-06-21 Description of Activity of The Asset Subject of The Transaction Real Estate Development Company Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction Qimam Noshoz Real Estate Development Company was established on 26/04/1446 AH, corresponding to October 27, 2024, with a capital of 71 million riyals and a book value of 10 riyals per share. The company owns land on Al-Takhasosi Street, with an area of 9,839 square meters, which was acquired at a value of 174.5 million riyals, funded through the paid-up capital from the current partners, in addition to credit facilities of 110 million riyals from Riyad Bank for a period of 7 years. Transaction reasons Qimam Noshoz Real Estate Development Company owns land on Al-Takhasosi Road. Banan Real Estate Company aims to develop these lands in its future projects. Expected Impact of the Transaction on the Company and Its Operations It will be announced at a later time. Related Parties Kalimah Real Estate Development Company, owned by Board member Naif Abdullah Al-Sufayan, owns 14.08% of Qimam Noshoz Real Estate Development Company. The sisters of the Chairman of the Board, Abdul Mohsen Al-Haqbani, own the following: Jawaher Abdulaziz Al-Haqbani: 12.75% Mishael Abdulaziz Al-Haqbani: 14.15% Muneerah Abdulaziz Al-Haqbani: 7.06% Haifa Abdulaziz Al-Haqbani: 14.63% Additional Information Qimam Noshoz Real Estate Development Company is owned by the following shareholders through the purchase of shares: Saad Abdulaziz Al-Hussein Company: 14.08% Samaya Global Holding Company: 7.04% Kalimah Real Estate Development Company: 14.08% Mohammed Ali Al-Suwailem: 4.23% Jawaher Abdulaziz Al-Haqbani: 12.75% Mishael Abdulaziz Al-Haqbani: 14.15% Muneerah Abdulaziz Al-Haqbani: 7.06% Haifa Abdulaziz Al-Haqbani: 14.63% Sultan Khalid Al-Haqbani: 11.97%