Abdullah Al Othaim Markets Co. — Capital/Financing Update 2021

Jul 13, 2021

Abdullah Al -Othaim Markets Company announces the latest developments on signing the contract of a project award with the National Center for Privatization

4001 · 13/07/2021 15:44:29 · Announcement #64149 · View on Saudi Exchange

Abdullah Al -Othaim Markets Company announces the latest developments on signing the contract of a project award with the National Center for Privatization

Element List

Explanation

Introduction

With reference to the announcement of Abdullah Al -Othaim Markets Company published on the Saudi Stock Exchange website “Tadawul” dated 21/06/2021G with regard to the award of acquiring the Fourth Milling Company by the National Center for Privatization to the consortium of Abdullah Al-Othaim Markets Company, Allana International Company and United Feed Manufacturing Company, which was awarded on 20/04/2021G,

The Company would like to announce that the consortium has already signed on 13/07/2021G the contract of acquiring the Fourth Milling Company with the National Center for Privatization, with a sum of SR 859 million. Accordingly, the whole share capital of the Fourth Milling Company will be transferred from the National Center for Privatization to the "Gulf Flour Milling Industrial Company " which was equally established by the consortium members for this purpose. Previous Announcement Abdullah Al -Othaim Markets Company announces the latest developments on signing the contract of a project award with the National Center for Privatization Date of Previous Announcement on Tadawul's Website 2021-06-21 Corresponding to 1442-11-11 Percentage of fulfilled achievement 100% Event's Expected Completion Date The event is completed Reasons for Exceeding the Announced End Date NA The costs associated with the event, and if they have changed or not with indication of the reasons. SR 859 million , it’s worth noted that; the transaction will be financed through a combination of self-financing by the consortium members and borrowing from local banks in the name of the "Gulf Flour Milling Industrial Company" and there are no changes in purchasing price. Impact of the Delay on the Company's Financial Results NA Additional Information It is expected that the financial impact of the acquisition transaction be reflected in the subsequent periods.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.