Riyadh Cables Group Co. — M&A Activity 2025

Nov 30, 2025

Riyadh Cables Group Company Announces the Latest Developments Regarding the Acquisition of Shares in Artikul Aziya Kabel LLC

4142 · 30/11/2025 08:08:13 · Announcement #91791 · View on Saudi Exchange

Riyadh Cables Group Company Announces the Latest Developments Regarding the Acquisition of Shares in Artikul Aziya Kabel LLC

Element List	Explanation
Introduction	With reference to Riyadh Cables Group Company’s announcement regarding the acquisition of 51% of the shares of Artikul Aziya Kabel in the Republic of Uzbekistan, the Company would like to announce the completion of transferring and registering the ownership of the stake on 28/11/2025, following the fulfillment of all required completion conditions. These conditions included obtaining approval from the Uzbek Anti-Monopoly Commission for the merger and ownership transfer, completing the sellers’ legal requirements, and securing the necessary regulatory approvals from the company’s current financing institutions.
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website	2025-10-28 Corresponding to 1447-05-06
Hyperlink to the Previous Announcement	Click Here
Change on the Development	Completion of transferring and registering the ownership of 51% of the shares of Artikul Aziya Kabel on 28/11/2025, along with the payment of the first installment of the consideration value. It is noted that the consideration remains subject to downward adjustment in accordance with the terms of the Share Purchase Agreement.
Financial Impact on the change	none
Additional Information	For further inquiries,

please contact Investor Relations via:

Tel: 0112650850

Email:

ir@riyadh-cables.com

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.