All Previous Financing stood at SAR 3,391,781,696.46 (Three Billion Three Hundred Ninety-One Million Seven Hundred Eighty-One Thousand Six Hundred Ninety-Six Saudi Arabian Riyals and Forty-Six Halalas) as of 23 April 2025.

The Rescheduling is an agreement to reschedule SAR 3,391,781,696.46 (Three Billion Three Hundred Ninety-One Million Seven Hundred Eighty-One Thousand Six Hundred Ninety-Six Saudi Arabian Riyals and Forty-Six Halalas). The Rescheduling facilities are split into tranche A and tranche B due to the possibility of extending the maturity date for the tranche B facility, the different rates and the capitalisation of tranche B. As part of the rescheduling, a New Facility will be made available to the Company by the Banks under binding agreements, with a total commitment of SAR 287,297,723.41 (Two Hundred Eighty-Seven Million Two Hundred Ninety-Seven Thousand Seven Hundred Twenty-Three Saudi Arabian Riyals and Forty-One Halalas). This New Facility will be used as part the Rescheduling.

As for the financing term, the previous terms under the Previous Financing were as follows:

- 09 July 2028 and 24 May 2026 for the Alinma Bank facilities,

- 30 November 2022 and 15 December 2029 for the Saudi Awwal Bank facilities,

- 31 October 2029 for Banque Saudi Fransi,

- and 31 August 2021 for The Saudi National Bank.

The new rescheduled term is until 31 December 2033 with repayment instalments due on an annual basis from 31 December 2029 until 31 December 2033, with the possibility based on the agreement of the Banks and the Company to extend the tranche B facility maturity date until 31 December 2036. The New Facility is a single bullet payment on 30 June 2026 with the possibility of an extension for one additional year to 30 June 2027 subject to satisfaction of certain conditions by the Company.

The security provided by the Company consists of the following:

- real estate mortgages with collateral coverage of at least 150% (for the Rescheduling) and 175% (for the New Facility) of the outstanding principal amount;

- security over accounts; and

- principal and commission promissory notes.

The reasons for this overall rescheduling is to reschedule the financial indebtedness of the Company and unify the terms. This rescheduling comes as part of the Company’s announced Capital Optimization Plan, designed to stabilise the Company’s financial and operational positions and optimize its capital structure to enhance its ability to move forward with its growth plans. Furthermore, to enhance its liquidity position during the anticipated period of revived business and operational growth in line with its recently approved strategy, and to optimise its financing costs throughout the rescheduled period and revised terms of the loan.

For more details about the capital optimization plan, please refer to the Company’s announcement on 05 Rabi Alawwal 1446H (corresponding to 08 September 2024G).

It is worth noting that The Saudi National Bank is a related party pursuant to the rules of the Capital Market Authority, given that it is controlled by a substantial shareholder of the Company (the Public Investment Fund).