Al Hammadi Holding — Capital/Financing Update 2017

May 10, 2017

AL HAMMADI COMPANY FOR DEVELOPMENT AND INVESTMENT ANNOUNCES THE DEVELOPMENT OF USE OF IPO PROCEEDS

4007 · 10/05/2017 15:37:22 · Announcement #46924 · View on Saudi Exchange

AL HAMMADI COMPANY FOR DEVELOPMENT AND INVESTMENT ANNOUNCES THE DEVELOPMENT OF USE OF IPO PROCEEDS

Al Hammadi Company for Development and Investment announces the development of use of proceeds of its IPO that took place in 13-08-1435H to 19-08-1435H corresponding to 11-06-2014G to 17-06-2014G as follows:

1. IPO gross proceeds amounted to SAR 630 million.

2. IPO net proceeds amounted to SAR 605.3 million after deducting IPO expenses of SAR 24.7 million.

3. Total proceeds used for the period ended 31 March 2017 are SAR 605.3 million out of which SAR 158.3 millions were used for early settlement of one loan related to Al Hammadi Hospital Nuzha Branch (including SAR 55.5 million as mentioned in the prospectus).

4. AlHammadi Hospital Nuzha Branch percentage of completion is 100% as of 31 March 2017 compared to 45% as stated in the prospectus.

5. Payments against work in progress are as per the payment terms agreed with suppliers and do not necessarily reflect the percentage of completion of the project.

6. There is no remaining balance of the IPO proceeds by the end of Q1 2017.

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.