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Announcement by Al-Qassim Investment Holding Company Regarding the Approval of the New Strategic Plan by the Board of Directors

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1446/06/10     11/12/2024 09:57:00

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Announcement Detail The Board of Directors of Al-Qassim Holding for Investment (a publicly listed company on the Saudi Stock Exchange) approved its new five-year strategic plan during its meeting on Tuesday, December 10, 2024. The plan is set to be launched at the beginning of 2025 and will be implemented through 2030.

This strategy aims to enhance the company’s position as a preferred investment option in the Kingdom and actively contribute to achieving the goals of Saudi Vision 2030. It focuses on diversifying investments in promising sectors and increasing revenue and profit growth rates. Through this plan, the company seeks to build a diversified investment portfolio that ensures sustainable growth and added value for its shareholders. This will be achieved through strategic partnerships with top-tier experts and talents qualified to implement the strategy, while adhering to the highest standards of governance and transparency.

The strategy includes three main phases:

1. Phase One – Restructuring (Enhancement and Support):

In this phase, the company will focus on enhancing shareholder value by restructuring its investment portfolio and primarily investing in established and successful companies through acquisitions. This approach aims to achieve sustainable growth and expand its business scope.

2. Phase Two – Specialized Investment and Growth:

During this phase, the company will continue to operate as a diversified holding company, focusing on specific promising sectors to build internal expertise and maximize the added value of Al-Qassim as a strategic investor. This phase also includes acquiring existing companies with strong growth potential.

3. Phase Three – Expansion and Knowledge-Driven Diversification:

In this phase, the company will embark on more comprehensive growth by acquiring established companies, investing in promising startups, and launching new projects. This phase will leverage knowledge and innovation to strengthen the company’s position as a diversified and continuously evolving holding entity.

The Board of Directors expresses confidence in achieving the ambitious goals derived from this strategy, which aligns with Saudi Vision 2030 and contributes to building a diversified and sustainable economy.

May God grant success.

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.

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