Alujain Corp. — Capital/Financing Update 2021

Sep 21, 2021

Alujain Holding Corp. Announces Purchase of shares of Haji Abdullah Alireza & Co. Ltd. in subsidiary company - National Petrochemical Industrial Company “NATPET” in the value of SR82 Million

2170 · 21/09/2021 15:39:13 · Announcement #64942 · View on Saudi Exchange

Alujain Holding Corp. Announces Purchase of shares of Haji Abdullah Alireza & Co. Ltd. in subsidiary company - National Petrochemical Industrial Company “NATPET” in the value of SR82 Million

Element List	Explanation
Transaction Details	Alujain Holding Corp. signed a purchase agreement of 1,658,821 shares from Haji Abdullah Alireza & Co. Ltd. - a shareholder in subsidiary company - National Petrochemical Industrial Company "NATPET" by (SR49.43) per share, representing 1.55% of NATPET’s total shares.
Transaction Value	SR82 Million
Transaction Terms	N/A
Parties of the Transaction	- Alujain Holding Corp. as buyer

- Haji Abdullah Alireza & Co. Ltd. as seller Transaction Funding Method The transaction will be financed through Islamic Murabaha facilities from Alinma Bank Transaction Execution Date 2021-09-21 Corresponding to 1443-02-14 Description of the Business of the Asset forming the Subject Matter of the Transaction NATPET is a closed joint stock company with its head office in Jeddah and Propylene/Polypropylene Complex in Yanbu Industrial City to produce Propylene/Polypropylene and its derivatives, having a name plate production capacity of 400,000 tons per year of polypropylene. The authorized and paid-up capital comprised 107 million shares of SR10 per share Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction NATPET Revenues:

In 2018, an amount of SR1,530 Million.

In 2019 an amount of SR109 Million

In 2020, an amount of SR1,207 Million.

NATPET net profit:

In 2018, net profit of SR211 Million.

In 2019, net profit of SR377 Million

In 2020, net profit of SR412 Million Transaction reasons Supporting the company's strategic plans by increasing its investments Expected Impact of the Transaction on the Company and Its Operations The financial impact of this transaction will be reflected in the third quarter of 2021 Related Parties There are no related parties to the transaction Additional Information The percentage of ownership of Alujain Holding Corp. in NATPET before the transaction is 73.43%

The percentage of ownership of Alujain Holding Corp. in NATPET after the transaction is 74.98%

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.