Altharwah Albashariyyah Co. announces the Board of Directors’ recommendation, dated 13/07/2025, to the Extraordinary General Assembly to increase the Company’s share capital from SAR 23,528,675 to SAR 25,881,540. This increase amounts to SAR 2,352,865, representing 10% of the share capital. The capital increase will be funded from the share premium balance of SAR 37,435,691, based on the audited financial statements as of 31/12/2024.

Share Capital Before the Increase: SAR 23,528,675

Share Capital After the Increase: SAR 25,881,540

Percentage of Shares in Capital: 10%

Number of Shares Before the Increase: 4,705,735 shares

Number of Shares After the Increase: 5,176,308 shares

The number of shares proposed to be capitalized from the share premium and allocated as treasury shares is 470,573 shares, and these shares will be used for the following purposes:

• To be used as consideration in exchange for acquiring shares, stakes, or purchasing assets.

• To be allocated to the Company’s employees under the employee stock program, which aims to attract and retain talents, thereby enhancing employee loyalty and alignment with the Company’s long-term objectives.

The number of shareholders’ shares will remain unchanged after the capital increase; however, their ownership percentage in the Company will decrease by 10% as a result of issuing the new shares.

Nature and Value of Reserves to Be Used for the Capitalization:

The capital increase will be made by capitalizing an amount of SAR 2,352,865 from the share premium balance of SAR 37,435,691, based on the audited financial statements as of 31/12/2024.

Approvals:

The capital increase, the capitalization of part of the share premium, and the allocation for the aforementioned purposes are conditional upon obtaining the necessary approvals from the relevant regulatory authorities and the Company’s Extraordinary General Assembly.