Sadr Logistics Co. — Capital/Financing Update 2021

May 23, 2021

Sadr Logistics Co. Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA

1832 · 23/05/2021 09:19:43 · Announcement #63478 · View on Saudi Exchange

Sadr Logistics Co. Announces the Submission of the Increase of the Company’s Capital by Offering Right Issues Application File to CMA

Element List	Explanation
Introduction	With reference to the announcement by Sadr Logistics Company, dated 04-01-2021, corresponding to 20-05-1442, related to the recommendation of the Board of Directors to increase the company's capital by offering priority rights shares at a value of (150,000,000) Saudi riyals, conditional on obtaining the approval of the relevant official authorities and the extraordinary general assembly .

Sadr Logistics Company announces that on Thursday 20-05-2021, corresponding to 08-10-1442, it will submit the application file for approval of the capital increase to the Saudi Capital Market Authority. Note that FALCOM Financial Services has been appointed as a financial advisor to manage the IPO in the rights issue, in accordance with the company's announcement on 18-01-2021, corresponding to 05-06-1442, and the company will announce later on any developments in this regard. Date of Submitting the Application File to CMA 2021-05-20 Corresponding to 1442-10-08 Application Subject Increase the company’s capital by offering priority rights shares at a value of (150,000,000) Saudi riyals. Date of Announcing Board Recommendation to Increase the Company's Capital on Tadawul's Website 2021-01-04 Corresponding to 1442-05-20 Additional Information It will be announced later on any developments in this regard.

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.