We refer to the announcement dated 15 May 2024 in relation to the Offer. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcement.

We wish to announce that the Company had on 12 June 2024, received a press release from AmInvestment Bank, on behalf of the Joint Offerors, informing the Company that the Pre-Condition relating to the merger control approval, or notification that such approval is not required, from the General Authority for Competition of Saudi Arabia pursuant to Royal Decree M/75 of 29/6/1440H, as set out in Section 2.1.3 of the Pre-Conditional Offer Announcement, has been fulfilled. 

Notwithstanding the above, the making of the Offer is still subject to the satisfaction (without conditions or on conditions reasonably satisfactory to the Joint Offerors) or waiver by the Joint Offerors of the other Pre-Conditions as set out in Sections 2.1.1, 2.1.2 and 2.1.4 of the Pre-Conditional Offer Announcement.

This announcement does not amount to a firm intention to make the Offer by the Joint Offerors, and accordingly, there can be no certainty that the Offer will be made even if the remaining Pre-Conditions are satisfied (without conditions or on conditions reasonably satisfactory to the Joint Offerors) or waived.

Please refer to the attached press release for further details.

This announcement is dated 12 June 2024.